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[Approvals] GTT (Gaztransport & Technigaz) has obtained a Design Approval from Bureau Veritas Group and a General Approval for Ship Application (GASA) from Lloyd's Register for its GTT NEXT1 LNG cargo containment system. GTT NEXT1 technology aims to offer a level of performance equivalent to that of Mark III Flex+ technology while using two metallic barriers. These two approvals, officially granted at the Posidonia 2024 maritime show in Athens, mark a major milestone for GTT NEXT1 technology. Through them, Bureau Veritas and Lloyd's Register confirm that the technology complies with all applicable rules and regulations, including the International Maritime Organization's International Gas Carrier Code (IMO IGC Code). #GTTInside #TechnologyForASustainableWorld
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Some with close connections to the #Rosneft-backed #Zvezda Shipyard in the Russian Far East have picked up on recent reporting that a newbuild liquefied natural gas carrier has started trading under the ownership of a company linked to Russia’s so-called #ShadowFleet of vessels, as an Indian management company steps in to take some of the ships. One of these connections noted: "While #Zvezda is trying to figure out how to complete Korean projects*, #Novatek is waiting for its first conventional newbuilding through a shadow operator in India", with the attached pic of the Mulan Spirit under construction at the Jiangnan Shipyard in China. The same image was carried by #UpstreamOnline in an article on the topic dated 19th August (link to the article in a comment below). * 'Korean projects' is a reference to the first five Arc 7 ice-class #LNG carriers being assembled at #Zvezda, whose hull blocks were built at Samsung Heavy Industries (#SHI).
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Sustainable Development
𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐚 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭 𝐟𝐮𝐭𝐮𝐫𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐋𝐍𝐆 𝐜𝐚𝐫𝐠𝐨 𝐯𝐞𝐬𝐬𝐞𝐥𝐬 Worldwide demand for vessels in the #LNG supply chain is growing, but the engines required for propulsion and auxiliary power have to meet the highest technical, environmental, and economic standards. Our four-stroke solutions not only meet current IMO regulations but put your LNGCs, FSRUs or FLNGs on a clear path to the future. Our approach is based on the #flexibility of our dual-fuel engines, the development of highly #efficient methane slip reduction techniques, and innovative concepts like the Dual-Fuel Electric+ (DFE+) propulsion system. Future-proof your LNG cargo vessel: https://lnkd.in/eGaxdNua
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Investor Relations Manager @ Eastlake Exploration & Production Limited, Treasury Manager, Finance Manager, Oil & Gas, Upstream, Financial Analyst, Banker,, Auditor, Planning & Forecasting, Budgeting, Financial Reporting
South Korean shipbuilders are negotiating significant deals with QatarEnergy to manufacture liquefied natural gas (LNG) tankers, addressing the rising global demand for these vessels. The potential contracts, valued at approximately $6.6 billion, reflect the growing importance of LNG carriers in the maritime industry. Key Players: 1. HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) • Parent company of HD Hyundai Heavy Industries Co. • In talks to supply about five LNG carriers. 2. Samsung Heavy Industries Co. • Discussing the construction of around 10 LNG tankers. 3. Hanwha Ocean Co. • Also in negotiations to build an unspecified number of LNG vessels. QatarEnergy’s Requirements: • The state-owned company is interested in Q-Max LNG carriers, which have a capacity of 270,000 cubic meters, larger than the standard 174,000 cubic meter vessels. • Q-Max stands for Qatar and Maximum size, indicating the largest ships that can dock at Qatar’s LNG terminals. Market Context: • Chinese Competition: Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corp. (CSSC), previously agreed to supply 18 Q-Max carriers to QatarEnergy at $6 billion, or $330 million per unit. • Potential Contracts: If South Korean shipbuilders secure similar deals, the total value could reach $6.6 billion for 20 Q-Max carriers. Existing Contracts and Future Prospects: • South Korean shipbuilders have already secured deals worth 13 trillion won ($9.5 billion) for standard-size LNG tankers earlier this year. • HD KSOE: 17 LNG carriers. • Samsung Heavy: 15 vessels. • Hanwha: 12 units. • The global LNG industry needs an additional 100 LNG carriers beyond the 185 tankers already ordered to support new liquefaction projects totaling 175 million tons. Rising Prices: • The newbuilding price index, a key measure of the global shipbuilding sector, reached 187.98 last month, nearing the all-time high of 191.6 from September 2008. • The increase was mainly driven by container ships, with prices for new 22,000-24,000 twenty-foot equivalent unit (TEU) container ships rising 20.9% to $272 million in July from the previous year. • Container ship prices have surpassed those of LNG carriers since March, driven by rising freight rates and increased orders from shipping companies. Strategic Shifts: • South Korean shipbuilders, traditionally focused on higher profitability segments, have adjusted their strategies to capitalize on the growing demand for container ships, especially those equipped with LNG dual-fuel power systems. • Smaller shipping companies are placing orders for container ships for delivery after 2028, as the top five players have already secured significant portions of the shipyard capacity.
🇶🇦 🇰🇷 QatarEnergy mega expansion: Korean shipbuilders in talks for $6.6 bn LNG tanker deals HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE), the parent of the world’s No. 2 shipyard HD Hyundai Heavy Industries Co., is discussing with the state-owned QatarEnergy to supply about five LNG carriers, industry sources in Seoul said on Monday. Samsung Heavy Industries and Hanwha Ocean are also in talks with the Qatari giant to build some 10 LNG tankers and an unknown number of such vessels, respectively, according to the sources. Source ➡️ https://lnkd.in/gMABndc6 #LNG #shipbuilding #SHI #Hanwha #KSOE #NFE #QatarEnergy
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The technology is expected to enhance the vessels’ efficiency in installation, maintenance and repair tasks for the #oilandgas and #offshorewind industries. #subsea #offshoreenergy BOURBON Exail
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Battery & Charger Technician | AI-Driven Problem Solver | Sustainable Energy Advocate | Promoting Innovation in Industrial Battery Solutions | Powering a Sustainable Tomorrow
Proud to witness the maiden voyage of the 'Axios II,' a cutting-edge LNG Carrier from Hyundai Heavy Industries. As a Greek and ex-navigator, it's inspiring to see strides in the maritime industry toward eco-efficiency. 🚢 With a cargo capacity of 174,000 m3, equipped with advanced technologies, and a focus on reducing CO2 emissions, this vessel sets a new standard for environmental impact. Natural gas plays a crucial role as an intermediary in our journey from fossil fuels to renewables. Kudos to Capital Gas for contributing to a cleaner, greener maritime future! ⚓️🌍 #LNGCarrier #MaritimeInnovation #SustainabilityAtSea"
LNG/C ‘Axios II’ setting out on her maiden voyage from HHI Ulsan shipyard! We took successful delivery of the newbuilding LNG Carrier ‘Axios II’, built by Hyundai Heavy Industries, S. Korea. With a cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with MAN MEGA engines and equipped with the latest available technologies, including an air lubrication system, shaft generators and increased filling limits (above 99%). The vessel represents the vanguard of the new generation of LNG carriers, setting an industry benchmark with its exceptionally low environmental impact. It achieves this by employing cutting-edge technologies designed to minimize methane slip and substantially reduce CO2 emissions, making it one of the most eco-efficient additions to the global fleet. It is the ninth of eighteen vessels to be delivered to Capital Gas until 2027. The vessel commenced a one-year time charter at a market-linked rate, which will be followed by a seven-year bareboat charter with Bonny Gas Transport Limited, who maintain an option to extend by an additional three years. #lngc #maidenvoyage #ecofriendly #capitalgas #lngshipping
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🚢 Navigating the Future of LNG Cargo with MAN Energy Solutions 🌍 As industries globally transition from coal to gas, the supply of liquefied natural gas (LNG) is booming. This shift drives the demand for LNG carriers (LNGCs), floating storage and regasification units (FSRUs), and floating liquefied natural gas facilities (FLNGs). At MAN Energy Solutions, we are at the forefront of this transformation. 🔹 Future-Proof Engines for LNG Carriers Our Dual-Fuel, Electric+ (DFE+) propulsion concept offers unparalleled operational flexibility. By enabling variable speed operation, we not only reduce carbon footprints but also slash fuel costs. 🔹 Cutting-Edge Emission Reductions Our advanced engines significantly lower methane slip and CO2 emissions, ensuring compliance with stringent environmental regulations. With MAN 35/44DF CD and MAN 49/60DF engines, we set new standards in efficiency, power density, and cost-effectiveness. 🔹 Innovative Dual-Fuel, Electric+ Propulsion By integrating MAN's engines with ABB’s Dynamic AC power distribution and control system, we maximize cargo capacity and minimize fuel costs, optimizing machinery space for superior performance. 🔹 Comprehensive Support with MAN PrimeServ From meticulous planning to reliable maintenance, MAN PrimeServ is your trusted partner in ensuring your LNG vessels operate efficiently and stay compliant with all regulations. Discover more about how MAN Energy Solutions is driving the future of LNG cargo. #LNG #SustainableShipping #MarineEngineering #Innovation #GreenEnergy
𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐚 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭 𝐟𝐮𝐭𝐮𝐫𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐋𝐍𝐆 𝐜𝐚𝐫𝐠𝐨 𝐯𝐞𝐬𝐬𝐞𝐥𝐬 Worldwide demand for vessels in the #LNG supply chain is growing, but the engines required for propulsion and auxiliary power have to meet the highest technical, environmental, and economic standards. Our four-stroke solutions not only meet current IMO regulations but put your LNGCs, FSRUs or FLNGs on a clear path to the future. Our approach is based on the #flexibility of our dual-fuel engines, the development of highly #efficient methane slip reduction techniques, and innovative concepts like the Dual-Fuel Electric+ (DFE+) propulsion system. Future-proof your LNG cargo vessel: https://lnkd.in/eGaxdNua
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🚢 Another new XL cable-laying vessel heading to the market. There is more good news on the installation vessel front as Jan De Nul Group confirms its order of a second XL cable-laying vessel. The new vessel will have the following key features: - 28,000 tonne cable-carrying capacity - Operational in shallow water and ultra-deep water up to 3,000 metres - Capable of installing 4 cables at the same time - Ultra-low emission hybrid engine utilising green methanol and biofuel These new vessels will accelerate the growth and development of offshore wind worldwide while minimising emissions and operating as efficiently as possible. https://lnkd.in/ePeKaCcG #cablelay #cablevessel #CLV #newvessel #ULEv #hybridvessel
Jan De Nul Orders Twin to XL Cable-Layer Fleeming Jenkin
https://www.offshorewind.biz
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Palu-3 CFSPP 2x50MW in commissioning stage reach 75%TMCR for unit 1 and 40% TMCR for unit 2.
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