Forum Posts

Kyeongsoo Shon
Nov 02, 2022
In KD-ONE NEWSROOM
By LNG Prime Staff , October 26, 2022 Two containerships under construction in the dry dock at Yangzijiang's Xinfu Yard (Image: Yangzijiang Shipbuilding) China’s largest private shipyard, Yangzijiang Shipbuilding, has won its first order for large liquefied natural gas (LNG) carriers from a European owner. Under the contract, Yangzijiang said it would build two 175,000-cbm LNG carriers and deliver them between 2025 and 2026, it said in a statement on Wednesday. Yangzijiang did not reveal the name of the European owner or the price tag. Shipbuilding sources told LNG Prime that Germany’s Hammonia Reederei is behind this order and that the vessels are each worth about $235 million. Hammonia currently has no LNG carriers in its fleet which includes containerships, bulk carriers, and also multi purpose vessels, the company’s website shows. Germany is fast-tracking LNG imports and plans to start importing liquefied natural gas by the end of this year as it looks to replace Russian gas pipeline supplies and boost energy security. The German government backed the charter of five FSRU’s that will start work in Wilhelmshaven, Lubmin, Brunsbuettel, and Stade as import terminals during this year and 2023. GTT tech French LNG containment giant GTT recently signed a technical assistance and license agreement with Yangzijiang, enabling the yard to construct vessels using GTT membrane technologies. Also, Yangzijiang has already secured an order for four 8,000 TEU dual-fueled container vessels from Singapore’s Pacific International Lines, featuring GTT tech. The shipbuilder also recently won a large order from Switzerland-based shipping giant MSC for 12 LNG-powered containerships. These vessels will not have GTT tanks. Yangzijiang said the the two LNG carriers are the company’s first GTT Mark III LNG carrier order after obtaining the license in early September. They will feature GTT’s Mark III Flex membrane tanks and two dual-fuel MAN 5G70ME-C10.5-GA-EGRBP models for the main propulsion system. In addition, the LNG carriers will have a reliquefaction system with a capacity of 1.5 tons/hour. Yangzijiang eyes more LNG carrier orders Recognizing the changing landscape and increased industry focus on green shipping, Yangzijiang envisions to extend its foothold in this sector, the firm said. The global LNG market is expected to be tight till 2026 as Europe’s sanctions on Russian gas exports increase demand for LNG, Yangzijiang said, citing data by the IEA. However, the LNG carrier supply continues to lag behind due to limited capacity, the firm said. “Leveraging on the demand-supply gap and Yangzijiang’s own research and development capabilities, the group is confident to capture a larger market share in this sector,” it said. With this new order, Yangzijiang joins Hudong-Zhonghua, the largest LNG carrier builder in China, as well as Jiangnan and DSIC who won their first large LNG carrier orders this year. “This is a new chapter for the group with our maiden GTT Mark III LNG carrier contract win,” Ren Letian, executive chairman and CEO of Yangzijiang said in the statement. “Yangzijiang is the first non-state owned yard in China to break into this market, which is traditionally dominated by the Korean shipyards. This milestone was a result of our consistent development and acquisition of technologies and licenses over the years,” Letian said.
Yangzijiang scores first order for large LNG carriers content media
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Kyeongsoo Shon
May 11, 2022
In KD-ONE NEWSROOM
May 4, 2022, by Ajsa Habibic Japanese shipping company Nippon Yusen Kaisha (NYK), through its subsidiary, has signed a long-term charter contract with CNOOC Gas and Power Singapore Trading & Marketing, a group company of China National Offshore Oil Corporation (CNOOC), for six liquefied natural gas (LNG) carriers. [Courtesy of NYK] According to NYK, the company has also entered into a shipbuilding contract for the vessels with China’s Hudong-Zhonghua Shipbuilding. The six vessels are scheduled to be delivered between 2026 and 2027 and will be mainly engaged in LNG transportation to China. The LNG carriers will be equipped with an X-DF2.1 iCER dual-fuel engine that can operate on fuel oil or boil-off gas stored in its cargo tank. The vessels will each have a cargo tank capacity of about 174,000 cubic metres and a membrane-type tank that will make use of advanced insulating materials to reduce the boil-off rate. NYK said it has also signed a project head of agreement with a subsidiary of shipping company China Merchants Energy Shipping (CMES) to jointly own and manage the vessels. According to the company, the partnership with CMES will provide “stable and safe LNG transportation to the CNOOC”. Consolidating efforts to reach net-zero by 2050, the Japanese company recently launched green brands, aiming to expand its green-business initiatives and low-environmental-impact services in its logistics business.
NYK inks long-term charter with CNOOC for six new LNG carriers content media
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Kyeongsoo Shon
May 06, 2022
In KD-ONE NEWSROOM
[05 May 2022 10:56AM / CNA BUSINESS] FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company's interim results in Hong Kong, China, March 23, 2017. REUTERS/Bobby Yip SINGAPORE : China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers, the largest of their kind in the country, the company said on Thursday. China is the world's largest buyer of the super-chilled gas, while CNOOC is the country's largest importer of the fuel and among the state majors leading a drive to expand their LNG fleet to meet rising import needs and facilitate fast-growing global trade. The 12 vessels will be built by Hudong Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corporation (CSSC), utilizing the so-called fifth-generation LNG tanker technology that reduces fuel consumption and carbon emissions, CNOOC said in a statement on its website. Each tanker can carry up to 174,000 cubic meters of LNG, equivalent to 108 million cubic meters when re-gasified. The vessels are slated for commissioning between 2024 and 2027, CNOOC said. The company, which first imported LNG in 2006, has built 10 LNG tankers and also engaged in joint vessel designing in tie-ups with CSSC. CNOOC is the parent of Hong Kong and Shanghai-listed CNOOC Ltd and overseas the group's business such as oil refining and natural gas trading, excluding offshore oil and gas production.
China's CNOOC awards $2.4 billion LNG tanker building contracts  content media
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Kyeongsoo Shon
Apr 25, 2022
In KD-ONE NEWSROOM
Xinde Marine News Sarah Yu 2022-04-01 14:56 On March 31, Dalian Shipbuilding Industry and China Shipbuilding Trading successfully undertook the new construction project of 2+2 175,000 m3 large-scale LNG carriers under China Merchants Energy Shipping. The type of ship is independently developed by DSIC. The ship has a total length of 295 meters, a width of 46.4 meters, a depth of 26.2 meters, a design draft of 11.5 meters, a designed service speed of 19.5 knots, and a total cargo capacity of 175,000 m3. The ship is equipped with the latest LNG dual-fuel low-speed main engine and adopts GTT Mark III Flex cargo containment system, which has obtained AIP certificate from Lloyd's Register and China Classification Society. Over the years, DSIC, together with GTT and several classification societies, has completed the research and development of 140,000 m3, 150,000 m3 and 175,000 m3 of various products, which have been recognized by GTT and classification societies. Source: Xinde Marine News Sarah Yu
CMES ordered 2+2 175,000 m3 LNG carriers in DSIC content media
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Kyeongsoo Shon
Feb 21, 2022
In KD-ONE NEWSROOM
February 18, 2022, by Sanja Pekic French LNG containment specialist Gaztransport & Technigaz (GTT) reports solid earnings at high-end of annual targets for 2021, with 68 LNG carrier orders, amongst others. On 17 February 2022, GTT presented its results for the 2021 financial year. Philippe Berterottière, CEO of GTT, said: “With 68 LNG carrier orders, 2 ethane carrier orders and 6 onshore storage tank orders, GTT posted a strong commercial performance in 2021 for our core business. The market dynamics remain very positive in 2022 with ten LNG carriers ordered since the beginning of the year. All the liquefaction projects under construction still represent significant potential for LNG carrier orders.” In the LNG as fuel segment, new orders reached a total of 27 units, which is a record volume compared to previous years.Also, the company obtained several approvals from classification societies to develop new technologies. In 2021, the revenues were down 21 per cent compared to 2020, when they were exceptionally high, but up 9 per cent compared to 2019. “From a financial standpoint, revenues for 2021 are in line with our expectations,” Berterottière said. He also added that they estimate that consolidated revenues for 2022 should be in the range of €290 million to €320 million ($329.6m to $363.7m). “The Group underlines that the orders received since mid-2020 correspond to delivery dates spread mainly over the 2023-2025 period. These factors enable us to expect, from 2023 onwards, revenues and earnings to be significantly higher than in 2022.” Higher order intake for LNG carrier and ethane carrier 2021 brought multiple successes in the field of LNG carrier. With 68 orders for LNGCs booked during the year, GTT’s core business activity now stands at a very high level.Delivery of these vessels will take place between the first quarter of 2023 and the fourth quarter of 2025. These orders include three medium-capacity LNG carriers and four large-capacity LNG carriers. These 68 orders represent an average capacity of 172,000 cubic metres.In addition, in April 2021, GTT also received an order from Hyundai Heavy for the design of the tanks of two very large ethane carriers (VLEC), with a total cargo capacity of 98,000 cubic metres. Delivery of these vessels is scheduled for the fourth quarter of 2022 and the first quarter of 2023. In May, GTT announced that it had received an order from China Huanqiu Contracting & Engineering for the design of four full integrity LNG membrane storage tanks. Following this, it also received a second order from Chengda for the design of two additional large storage tanks. GTT will design these membrane tanks with a total capacity of 220,000 cubic metres using latest generation GST technology. These orders are part of the new cooperation agreement for the Tianjin Nangang LNG terminal concluded in March 2021 between Beijing Gas Group and GTT. The company received orders to equip 27 vessels with LNG as fuel in 2021. The first order was from the Chinese shipyards Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard on behalf of CMA CGM. This was to equip 12 very large LNG-powered container ships. The second order was from Samsung Heavy to equip five very large container ships for Asian ship-owner Seaspan. In September, it received one order from Korean shipyard HHI to equip two container ships and another order from Korean shipyard SHI to equip six new container ships. Finally, in November, Hyundai Samho shipyard placed an order with GTT to equip two container vessels. In September, GTT launched LNG Optim, a new digital smart shipping solution that helps LNG operators, and LNGC or LNG-fuelled vessel ship-owners, to plan the voyages of their vessels. Hydrogen mass production with Elogen In October, Elogen said that Storengy selected it as part of the HyPSTER project to store green hydrogen produced from renewable energies. Elogen will design and produce the 1MW PEM (proton exchange membrane) electrolyser and will install its technology at the Etrez site in France from 2022. As a reminder, Elogen signed a contract with German energy company E.ON as part of its major SmartQuart project. Elogen will supply E.ON with a 1MW-containerised electrolyser with a production capacity of 200 cubic metres of hydrogen per hour. In addition, it also signed a collaboration agreement with the University of Paris-Saclay. This agreement will provide for the pooling of resources around a joint research program dedicated to PEM electrolysis. Finally, in January 2022, Elogen said it was taking the first step towards mass production with the installation of a new electrolyser production line designed to reach an assembly capacity of 160 MW per year.In the 2021 financial year, Elogen generated €5 million ($5.68m) in revenues and received €0.6 million in operating subsidies; giving total income of €5.6 million, and recorded order intake worth €6.2 million. GTT climate ambitions In 2021, GTT embarked on a structured approach to define its decarbonisation ambitions in accordance with the Science-Based Targets initiative (SBTi), covering its own emissions. The company confirms its climate targets over the 2019-2025 period. It remains committed to significantly reducing its operational emissions (Scope 1 & 2) by 2025: In line with the objective of limiting global warming to 1.5°C, i.e. -4.2 per cent per year vs. 2019, and -25.2 per cent by 2025; By improving energy efficiency, switching to low-carbon energy sources and gradually replacing its fleet of company vehicles. In addition, GTT will continue to reduce emissions from business travel (restricted Scope 3) by 2025: In line with the objective of limiting global warming to 2.0°C, i.e. -2.5 per cent per year vs. 2019, and -15.0% by 2025; By limiting travel through extensive use of digital resources. Order book at end of 2021 On 1 January 2021, GTT’s order book excluding LNG as fuel comprised 147 units, and subsequently changed as follows: Deliveries completed: 53 LNG carriers, 5 ethane carriers, 3 FSRUs; Orders received: 68 LNG carriers, 2 ethane carriers, 6 onshore storage tanks. At 31 December 2021, the order book excluding LNG as fuel stood at 161 units, as follows: 137 LNG carriers; 6 ethane carriers; 0 FSRU3; 2 FSUs; 1 FLNG; 3 GBSs; 12 onshore storage tanks. With regard to LNG as fuel, the order book stood at 32 units at the end of 2021, compared with 14 units at the end of 2020. It changed as follows during 2021: Deliveries completed: 8 container ships and 1 cruiser icebreaker; Orders received: 27 container ships. 2021 consolidated revenues amounted to €314.7 million ($357.5m), down 20.6 per cent compared to 2020. GTT 2022 targets In the absence of any significant order delays or cancellations, the company announces its targets for 2022, namely: Consolidated revenues between €290 million and €320 million ($329.45m to $363.54m); 2022 consolidated EBITDA between €140 million and €170 million ($159m to $193.1m); A dividend amount for the 2022 financial year at least equivalent to that proposed for the 2021 financial year. The Group notes that the orders received since mid-2020 correspond to delivery dates spread mainly over the 2023-2025 period. For this reason, the Group expects, from 2023 onwards, revenues and earnings to be significantly higher than in 2022.
GTT wraps up 2021 with 68 LNG carrier orders content media
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Kyeongsoo Shon
Feb 21, 2022
In KD-ONE NEWSROOM
February 3,2022, by Sanja Pekic Chinese shipbuilder Hudong-Zhonghua has ordered the tank design for six new LNG carriers (LNGCs) from the French LNG containment specialist GTT. Courtesy of Hudong-Zhonghua Shipbuilding Last month, the Chinese shipbuilder signed its largest LNG carrier shipbuilding order to date with Japanese shipping major Mitsui O.S.K. Lines (MOL). The vessels belong to the latest generation of the ‘Changheng Series’. GTT will design the tanks of these six new LNG carriers, each of which has a total LNG tank capacity of 174,000 cubic metres. Therefore, each tank will be fitted with the GTT’s membrane containment system. Besides Hudong-Zhonghua, the project’s participants also include China National Offshore Oil Corporation (CNOOC) and China COSCO Shipping. Hudong-Zhonghua will deliver these six ships between the fourth quarter of 2024 and the third quarter of 2026. After the delivery to MOL, CNOOC Gas & Power will charter the ships.
Hudong-Zhonghua orders GTT tanks for 6 new LNGCs content media
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Kyeongsoo Shon
Dec 21, 2021
In KD-ONE NEWSROOM
December 17, 2021 by LNG Prime Staff For illustration only; LNG carrier Pan Americas (Image: CMES) China Merchants Energy Shipping (CMES) said it plans to order two LNG carriers at CSSC’s Dalian Shipbuilding Industry worth up to $380 million. In that regard, CMES and CSSC signed a letter of intent on Friday for the construction of the 175,000-cbm LNG carriers, according to a statement by CMES, a unit of China Merchants Group. DSIC would build both of the LNG carriers.The LNG tankers would feature GTT’s Mark III membrane system and LNG dual-fuel propulsion, CMES said. Also, the letter of intent is valid for six months and the two firms would now work on the details of the project and the signing of the binding shipbuilding agreement, it said. CMES added that it plans to further strengthen cooperation in LNG ship investment and operation with CSSC. It did not provide any additional information. The Chinese firm owns a large fleet of vessels including very large crude carriers, very large ore carriers, and ro-ro vessels. It has also a 50 percent stake in China LNG Shipping, the country’s first LNG shipping company. COSCO Shipping Energy Transportation holds the other 50 percent.
CMES says to order LNG carrier duo at DSIC for about $380 million content media
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Kyeongsoo Shon
Dec 20, 2021
In KD-ONE NEWSROOM
国际船舶网 国际船舶网 2021-12-18 08:16 中国船舶集团落户上海喜签订单,招商轮船将在大船集团下单建造2艘17.5万立方米LNG船,这也意味着大船集团终于有望成为继沪东中华后中国第二家建造大型LNG船的船厂。 12月 17日,招商局能源运输股份有限公司(招商轮船)与中国船舶集团有限公司旗下大连船舶重工集团有限公司联合中国船舶工业贸易有限公司在中国船舶集团上海新总部签署了17.5万立方米大型液化天然气(LNG)运输船建造合作意向书。 意向书的主要内容:1、招商轮船拟在大船重工订造 2艘17.5万立方米 MarkIII Flex 型LNG船。2、该 2艘大型 LNG船预计总投资不超过 3.8亿美元;3、在此基础上,招商轮船拟与中船集团进一步加强 LNG船投资和运营等方面的合作;4、本意向书自签署之日起生效,有效期 6个月。在完成各自前期工作基础上,双方积极推动技术和商务谈判进程,并及时履行各自内部审批程序。 招商轮船表示,为了适应低碳环保、绿色船舶趋势,进一步拓展公司清洁能源和低碳零碳能源运输业务,公司拟与中国船舶集团进一步加强战略合作。 本次合作意向书的签署是招商轮船与大船集团在液化天然气(LNG)运输船建造项目上合作的基础和开端。双方同意共同致力于巩固与深化长期、稳定的互利合作,积极发挥各自优势,促进共同发展。 本次拟合作建造及运营的大型LNG船将采用最新型LNG双燃料低速主机,燃油模式和燃气模式均可以满足国际海事组织最严苛排放标准,有利于招商轮船进一步打造节能环保的现代化绿色船队。 据国际船舶网了解,2015年1月,大船集团曾经中标中国海运、中石化APLNG运输项目(二期)2艘17.4万立方米LNG船的建造项目。这也是大船集团首度试图“闯入”LNG船建造领域,不过最后因为可能“亏本”被船厂单方面取消。这份LNG船订单的“告吹”一事造成不小影响,也让当年的中海集团与中船重工之间产生了嫌隙。 大船集团是国内较早开展LNG船技术研发的船厂之一。自2000年开始,大船集团先后完成了LNG运输船的船型研发、建造与试验技术研究,工程管理技术研究以及模拟舱建造四个方面的研究,目前已经掌握了LNG运输船实船建造的工艺与管理技术,为承接LNG船奠定了坚实的基础。 多年来,大船集团始终将LNG船作为重点产品,进行了持续的研究开发,取得了显著成果。大船集团携手GTT和多家船级社,通过持续不断的研发和优化,分别基于NO.96和MARK III技术,已经完成14万立方米、15万立方米、17.5万立方米等多型产品研发,得到了GTT和船级社方面的认可,为新造项目实船订单的承接提供技术保障,全力进军LNG船市场。 全封闭式MARK III型LNG船模拟舱 与此同时,大船集团还先后完成了世界最大NO.96型LNG运输船模拟舱和全封闭式MARK III型LNG船模拟舱的建造,得到法国GTT专利公司以及中国船级社、英国劳式船级社、DNV、美国船级社、法国船级社等世界主流船级社的认可证书。这表明大船集团已经基本掌握了实船建造中的关键技术和管理难题,标志着大船集团已具备承接LNG船订单的能力。 此次的签约, 既是对大船集团过去十多年在LNG船的设计、建造等多方面长期不懈工作的肯定,同时也标志着大船集团正式进入大型LNG船建造领域。
中国第二家!大船集团再获“首单”进军大型LNG船市场 content media
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Kyeongsoo Shon
Dec 09, 2021
In KD-ONE NEWSROOM
December 8, 2021 by Fatima Bahtic China’s shipping company COSCO Shipping Energy Transportation Co. has ordered three liquefied natural gas (LNG) carriers from compatriot Hudong-Zhonghua Shipbuilding and China Shipbuilding Trading. As informed, the deal, which was signed on 7 December, includes the construction of three large-scale 174,000-cbm LNG carriers with deadweight tonnage of 80,000. According to the shipbuilding contract, the contract price of each ship is approximately $185 million, and the total price of the three ships is approximately $554 million. The purchase will be funded through 80 percent bank borrowings and around 20 percent from financial resources. The three LNG carriers are slated for delivery in September 2024, December 2024, and March 2025, respectively. The order is part of a second phase of the project under which the company aims to grow its fleet of LNG carriers. Last year, COSCO Energy with energy giant China National Petroleum Corporation (CNPC) placed an order for three LNG carriers at the same shipyard. The keel-laying ceremony for the first vessel was held in September this year. With the latest three newbuilds, COSCO’s LNG fleet will reach 44 vessels with a total cargo-carrying capacity of over 7 million.
China - COSCO Shipping orders LNG carrier trio for $554 million content media
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Kyeongsoo Shon
Dec 09, 2021
In KD-ONE NEWSROOM
December 8, 2021 By LNG Prime Staff LNG giant QatarEnergy said it has entered into a 15-year deal to supply LNG to China’s S&T International. Under the sales and purchase agreement, QatarEnergy would deliver one million tons per year of LNG to S&T International Natural Gas Trading starting in late 2022, according to a statement on Wednesday. QatarEnergy said its LNG producing affiliate, Qatar Liquified Gas Company Limited (2) or Qatargas 2, had signed the deal. LNG deliveries under the new agreement would utilize Qatar’s fleet of conventional, Q-Flex but also Q-Max LNG vessels allowing S&T to receive the LNG quantities primarily at the Tangshan receiving terminal, it said. S&T International Natural Gas Trading is a unit of China Suntien Green Energy which is building an LNG import terminal at Caofeidian in Tangshan city. “We are pleased to welcome S&T into our family of long-term LNG customers and we are excited to work with them to help fulfil their long-term LNG requirements,” Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, said. Nine LNG deals This new deal follows a contract QatarEnergy revealed earlier this week with Chinese state-owned utility Guangdong Energy. It also marks the ninth long-term deal QatarEnergy has signed since February this year. This includes a deal with China’s CNOOC, Shell, and Sinopec. These new LNG supply contracts come after QatarEnergy announced a final investment decision on its $28.75 billion North Field East project earlier this year. Under the project, QatarEnergy will build four mega trains with a capacity of 8 million tonnes per year in the Ras Laffan complex. This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 mtpa. QatarEnergy also plans a second phase to further boost capacity to total 126 mtpa by 2027, as well as additional expansions. The company’s unit Qatargas already operates in total fourteen LNG trains at Ras Laffan.
QatarEnergy inks another deal to supply LNG to China content media
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Kyeongsoo Shon
Oct 05, 2021
In KD-ONE NEWSROOM
October 5, 2021 by Fatima Bahtić State-owned petroleum company Qatar Petroleum has placed an order for four liquified natural gas (LNG) carriers at Chinese shipyard Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corporation Limited (CSSC). As informed, these four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion projects as well as for existing vessel replacement requirements. This order is also the first ever placed by Qatar Petroleum or any of its affiliates with a Chinese shipyard for LNG ships, and the first with Hudong in connection with the agreement to reserve ship construction capacity that was executed in April 2020. The deal involves up to sixteen 174,000 cubic meter LNG carriers. This contract is the first part of a huge order that could include more than 60 liquefied natural gas carriers in total. “We are proud to contribute to the success story of the LNG ship construction industry in China. We are also confident in Hudong’s capabilities to execute this order, worth in excess of 2.8 billion Qatari Riyals, to the highest safety and technical standards,” Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, commented. The North Field expansion projects will increase Qatar’s LNG production capacity from 77 million tons per annum to 110 million tons per annum in the first phase. The second phase of the North Field LNG expansion project, called the North Field South Project, will further boost Qatar’s production capacity to 126 million tons per year.In January this year, the company revealed its strategy to significantly reduce greenhouse gas emissions from its operations by 2030. The strategy establishes a number of targets, aligned with the International Maritime Organisation ‘s (IMO) zero-emission targets, and sets in motion a plan to reduce greenhouse gas emissions by 2030. “Qatar Petroleum’s LNG carrier fleet program is the largest of its kind in the history of the LNG industry and will play a pivotal role in meeting the shipping requirements of Qatar Petroleum’s local and international LNG projects, as well as replacing some of Qatar’s existing LNG fleet,” according to the company. ​
Qatar Petroleum orders four LNG carriers in China content media
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Kyeongsoo Shon
Oct 05, 2021
In KD-ONE NEWSROOM
September 8,2021 by Sanja Pekic The multi-sector industry coalition SEA-LNG recognizes significant growth in LNG-fueled vessels orders in 2021 and expects this trend to continue. Courtesy of SEA-LNG LNG-fueled vessel orders are approaching 30 per cent of gross tonnage on order, SEA-LNG reports citing Clarksons. When these vessels are delivered, this will subsequently amount to a substantial part of shipping’s overall capacity. LNG-powered ships are one of the only options today that meet the reduced emissions requirements. So, major sectors of the maritime industry are using those in efforts to reduce both local and global emissions. For example, over 90 per cent of the upcoming pure car and truck carriers (PCTC) will be LNG dual fuel. Likewise, containership owners and operators are moving to LNG-fueled tonnage, with orders for LNG-fuelled liners increasing five-fold since January 2020. Tankers and bulkers are also following suit, with increases of seven-fold and two-fold respectively over the 18-month period. Vessel owners and operators continue that LNG reduces SOx and particulates to negligible levels, NOx by up to 85 per cent, and GHG emissions by up to 23 per cent. It can also achieve the IMO’s 2030 target of reducing CO2 emissions by 40 per cent compared to 2008 by the use of bio-LNG products as a drop-in fuel. Later, thetransition to bio-LNG, and eventually synthetic LNG, will enable the industry to meet the IMO 2050 targets. SEA-LNG stresses that this process utilises established LNG infrastructure without investing in new and costly infrastructure. Peter Keller, chairman of SEA-LNG, says that the rise of LNG newbuilds demonstrates confidence in this pathway through its bio and synthetic cousins.
SEA-LNG: LNG-fueled vessels to account for 30% of orders in 2021 content media
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Kyeongsoo Shon
Sep 24, 2021
In KD-ONE NEWSROOM
September 23,2021, by Sanja Pekic The classification society American Bureau of Shipping (ABS) has granted approval in principle (AiP) to French engineering firm GTT and Finnish ship designer Deltamarin for the Aframax LNG tanker design. Illustration only: Deltamarin and GTT Newcastlemax bulk carrier design; Courtesy of Deltamarin The ABS approval warrants that the onboard integration of the new solution is technically feasible for an LNG-fueled tanker. Also, it warrants that it complies with all safety regulations. This new LNG-fueled tanker design uses GTT’s membrane tank technology. While GTT designed the tank, Deltamarin studied its integration into the vessel. The design provides a solution that complies with the International Maritime Organization (IMO) environmental regulations. Compared to a standard oil-fueled tanker, it reduces CO2 emissions by at least 20 per cent. It also offers increased autonomy without reducing the cargo volume. Philippe Berterottière, CEO of GTT, said: “With Deltamarin and ABS, we are very proud to be able to offer a new LNG-fueled tanker solution that is more respectful of the environment and without making any compromise on cargo.” Janne Uotila, managing director of Deltamarin, added: “Deltamarin has put a lot of effort into understanding alternative fuels and new technologies during the past years. The key drivers in this design have been energy efficiency and environmental impact in addition to operational performance and safety.”
ABS green-lights GTT’s and Deltamarin’s Aframax LNG tanker design content media
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Kyeongsoo Shon
Sep 02, 2021
In KD-ONE NEWSROOM
“云”聚陆家,共谋发展 今天(9月1日)下午,2021陆家·跨国公司视频连线活动举行。陆家镇党委书记方勇,党委副书记、镇长钱璁分别与昆山庆东非金属材料有限公司金元洙董事长、张盛洙总经理;马斯特全球总裁安凌、亚太区总裁杨盛东;兼房株式会社社长渡边将人、昆山兼房高科技刀具有限公司总经理水野好隆等跨国公司负责人通过视频、现场互动交流。 方勇代表陆家镇党委、政府,向扎根陆家、信任陆家的跨国公司表示感谢,希望将来双方能在更多领域、更高层次有更多的合作。镇领导顾剑、程帅杰出席活动,镇领导徐磊主持活动。 🔎今年(2021年)1-7月,陆家镇完成一般公共预算收入10.12亿元,增长16.3%;规上工业总产值146.93亿元,增长24%;完成全社会固定资产投资额32.39亿元,增速17.3%。 🔎今年以来,陆家镇新增注册外资超千万美元项目3个(含增资),其中新增注册外资3000万美元以上项目1个,新增注册外资6500万美元,实际到账外资7000万美元。新增注册超亿元内资项目3个。 视频连线中 钱璁向跨国公司介绍了 陆家经济发展近况 公司负责人也向陆家介绍了 公司发展的现状和未来计划 昆山庆东非金属材料有限公司成立于2003年,在陆家已经落户17个年头,是陆家重要的韩资企业。金元洙董事长、张盛洙总经理对昆山庆东非金属材料有限公司的发展十分关注,昆山公司投入的GW新技术,也将为中国特殊制造领域提供更高的附加值。方勇感谢企业这么多年来对陆家经济的贡献,也期待未来双方能真正面对面进行交流,深化合作实现共赢。 Kunshan Kyungdong Co,Ltd was established in 2003 and has been settled in the Lujia for 17 years and is an important Korean investment enterprise of the Lujia. Chairman Kim wonsoo and general manager Jang sungsu are active in the development of Kunshan Kyungdong Co.,Ltd. The new GW technology invested by Kunshan Kyungdong will also provide higher added value to China's specialty manufacturing sector. The Secretary Mr.Fang Yong expressed his appreciation for the company's contribution to Lujia's economy for many years, and looked forward to seeing the two sides conduct real face-to-face exchanges and deepen cooperation in the future to achieve a win-win situation. 视频连线中,方勇表示 虽然受到疫情影响,但陆家着力发展开放型经济是坚定不移的,陆家也一直致力于加强与跨国公司的合作交流,也感谢国际资本对陆家经济发展做出的贡献。 在我国着力构建新发展格局的大背景下,希望跨国公司能抢抓中国机遇,拥抱苏州加快推进数字化经济、智能化改造的契机,推动企业转型升级,做同行业同领域的引领者。 陆家将一如既往做好企业的“服务员”,做好相关政策的传达和争取,帮助企业做大做强,做样板做标杆。希望企业能把更多前沿技术、项目投入到陆家,把更多合作伙伴引荐到陆家,共同奋斗,共享发展新机遇。 陆家镇社会保障局、安监办、环保办等部门参加活动,现场了解企业诉求,解决企业问题。
创新融合 云话发展丨这场“云”对话很有“国际范” content media
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Kyeongsoo Shon
Aug 31, 2021
In KD-ONE NEWSROOM
Chinese shipbuilder Hudong-Zhonghua is in talks to build several new 174,000-cbm LNG carriers. August 16, 2021 By Mirza Duran Shipbuilding sources tell LNG Prime the yard is expected to secure orders to build up to five vessels that would transport LNG for state-owned energy giant CNOOC from projects in North America to China. The owners competing in the project include MOL, Cosco Shipping, NYK, K Line, and Teekay, according to the sources. Also, the price tag for each vessel could reach about $195 million. The sources did not reveal any further information as the talks are still ongoing. Hudong won last month an order for one LNG carrier from CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation. CSSC is also the parent company of Hudong. This contract came just two weeks after Chinese shipowner COSCO and energy giant CNPC have confirmed plans to order three additional LNG carriers at Hudong. In addition, Hudong also secured a contract from Shenzen Gas earlier this year for one medium-sized LNG carrier which would serve the latter’s facility at Yantian port in the city of Shenzhen. All of these carriers will feature WinGD’s X-DF dual-fuel engines and GTT’s containment system.
Hudong poised to win new LNG carrier orders content media
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Kyeongsoo Shon
Jul 08, 2021
In KD-ONE NEWSROOM
Paris – June 25th, 2021. On the occasion of the CWC China LNG & Gas Summit, held in Shanghai from June 23rd to 25th, GTT has signed a Technical Assistance and License Agreement (TALA) with its Chinese partner COSCO Shipping Qingdao, a subsidiary of COSCO Shipping Group. This agreement enables the licensed outfitter to offer solutions using GTT's membrane containment systems for the construction of several types of LNG storage for both marine and onshore applications.. COSCO Shipping Qingdao obtained its license from GTT after having successfully completed a qualification process that began in June 2019, including the construction of a GST® technology mock-up. This agreement represents a further step forward in the deployment of GTT technologies in China, making COSCO Shipping Qingdao the second Chinese licensed GTT Outfitter. COSCO Shipping Qingdao is currently investing in a large scale mock-up, training center as well as set of equipment for the installation and welding of the GTT’s Membrane technology. Signing ceremony of TALA for the construction of membrane tanks between GTT and COSCO Shipping Qingdao
GTT and COSCO Shipping Qingdao sign a Technical Assistance and License Agreement for the construction of membrane tanks 
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Kyeongsoo Shon
Jul 07, 2021
In KD-ONE NEWSROOM
A joint venture between Chinese state-controlled shipowner Cosco Shipping Energy Transportation and state-owned energy firm CNPC has ordered another three LNG carriers from the country's Hudong-Zhonghua shipyard. [Published date: 21 June 2021] The order — for 174,000m³ carriers — follows an order for three vessels of the same size by the joint venture, called United Liquefied Gas Shipping, in June last year. Delivery of the first order is expected in 2022-23. Hudong-Zhonghua's new orders buoy the shipbuilder's orderbook to at least ten 174,000m³ LNG carriers, as well as three smaller 79,900m³ carriers ordered by Japan's K Line and domestic firm Shenzhen Gas. The shipyard is expected to deliver one of these larger carriers, the Mu Lan, this month, which would be the first such delivery since the same-sized LNG Megrez left the yard in October. South Korean shipbuilder Hyundai Heavy Industries also received an order for a pair of LNG carriers on 18 June from an unnamed Oceania-based owner, valued at around 438bn won in total, or $193mn per vessel. New orders at South Korean yards have held much quicker so far this year than in the first half of 2020, when no orders were placed until July as the outbreak of Covid-19 led to a number of owners stepping back from the newbuild market. Orders are widely expected to remain quick for the rest of this year as the wider LNG freight market awaits the finalisation of newbuild orders for Qatar's North Field expansion project. Qatari state-owned QP reserved significant swathes of yard capacity at three of South Korea's largest shipyards last year, as well as at Hudong-Zhonghua. The firm is negotiating with LNG shipowners for charters on newbuild carriers that will be built using this reserved capacity. By Samuel Good
Chinese joint venture orders three more LNG carriers content media
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Kyeongsoo Shon
May 05, 2021
In KD-ONE NEWSROOM
04-30-2021 02:23:04 (By The Maritime Executive) French shipping company CMA CGM Group joined the wave of new containership orders placing a giant 22 ship order with China’s CSSC Group. China Shipbuilding Corporation is heralding it as the largest single containership order the company has undertaken. In total, the new order will add 223,000 TEU capacity to the French fleet. That represents nearly a 10 percent increase over the company’s current capacity of 2.7 million TEU. CMA CGM reports it currently has a fleet of 566 vessels, including containerships as well as its ro-ro fleet. The order consists of three classes of ships and continues the group’s commitment to LNG-fueled vessels. Twelve of the new ships will use LNG, six with a capacity of 13,000 TU, and the other six with a capacity of 15,000 TEU. The remaining 10 ships in the order with be VLSO-powered with a capacity of 5,500 TEU. Neither company placed a value on the order. Due to the size of the order, China Shipbuilding said it will be split between three of the company’s yards, with Jiangnan Shipbuilding building the largest vessels, the 15,000 TEU boxships. The 13,000 TEU vessels will be built by Hudong Zhonghua and 5,500 TEU conventional power ships will be built by Beijing Shipbuilding Industry Corporation. The vessels are scheduled to be delivered in 2023 and 2024. CSSC reports that its designers developed plans for all three classes of ships. The main engine for the dual-fuel ships will be WinGD from CSSC and will employ the GTT Mark III liquid cargo maintenance system. The 5,500 TEU ships will use a new generation of WinGD main engine from CSSC and be fitted with scrubbers. CMA CGM said these orders were to accommodate market growth and will add to the company’s existing newbuilding schedule. At the end of 2020, the group reported that it had on order five 23,000 TEU LNG-fueled vessels, of which two currently remain to be delivered, along with two 1,400 TEU vessels, five 15,000 TEU LNG vessels, and five 15,000 TEU conventional fuel vessels with scrubbers. In February of this year, CMA CGM said that six of its new 15,000 TEU boxships, which are due to enter service between October 2021 and the end of 2022, would be introduced on one of the company’s China to Los Angeles routes. The CMA CGM Group has said it is committed to the use of LNG-fueled vessels as its first step toward achieving carbon neutrality by 2050. By the end of 2022, the line expects to be operating 32 LNG-powered containerships. CSSC noted that this new order, which was effective immediately, extends its partnership with CMA CGM and that when combined with other orders, the company is now ahead of schedule on its annual targets. They noted that the containership market has rebounded rapidly becoming one of the hottest newbuildng sectors. CMA CGM joins Hapag-Lloyd, MSC, ONE, and Seaspan, each of which has also placed significant containership orders at the end of 2020 and in early 2021. Among the major lines, so far, Maersk is the only one that has not reported a new ship order.
CMA CGM Orders 22 New Boxships from China Shipbuilding  content media
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Kyeongsoo Shon
Apr 28, 2021
In KD-ONE NEWSROOM
April 22,2020, by Mirza Duran State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. Image courtesy of Qatar Petroleum QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth more than 11 billion Qatari riyals ($3 billion) involves up to sixteen 174,000 cubic meter LNG carriers. This contract is the first part of a huge order that could include more than 60 liquefied natural gas carriers in total. QP’s LNG carrier fleet program is the largest of its kind in the history of the LNG industry. The deal signed on Wednesday will reserve a major portion of Hudong’s LNG ship construction capacity through the year 2027. The agreement was signed by Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, and Lei Fanpei, the Chairman of CSSC, during a virtual ceremony. Al-Kaabi said that by entering this deal QP is on “the right track to ensuring that the company’s future fleet requirements will be met in due time to support its increasing LNG production capacity”. To remind, QP recently launched a drilling campaign for the North Field East Project as part of plans to expand LNG production. This phase of the North Field expansion project will increase Qatar’s LNG production capacity from 77 to 110 million tons per annum. The second phase of the North Field LNG expansion project, called the North Field South Project, will further boost Qatar’s production capacity to 126 million tons per year.
Qatar Petroleum inks huge China LNG carrier deal content media
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Kyeongsoo Shon
Apr 25, 2021
In KD-ONE NEWSROOM
China State Shipbuilding Corporation (CSSC) and Qatar Petroleum officially signed a RMB20bn ($2.86bn) contract for the construction of LNG carriers at CSSC Hudong-Zhonghua Shipbuilding. Katherine Si | Apr 22, 2020 It is the largest export LNG carrier construction contract a Chinese shipyard has ever received. Lei Fanpei, chairman of CSSC, Saad Sherida AI-Kaabi, president and ceo of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on behalf of two parties. Related: Qatargas eyes potential of building LNG carriers at Hudong-Zhonghua Shipbuilding “Hudong-Zhonghua is doing well in LNG carrier construction, we are confident that Hudong-Zhonghua will greatly support our LNG carrier expansion demand,” said Saad Sherida AI-Kaabi. “The implement of Qatar Petroleum’s LNG carrier construction plan will inject vitality into global energy industry. The cooperation will be able to stabilize global energy industry chain and make contribution to boost world economy,” said Lei Fanpei. Qatar Petroleum, the world’s largest LNG producer, launched the tender for LNG carrier construction last year, which expected to deliver 60 LNG carriers initially to support its increasing LNG production capacity, with a potential expansion to construct 100 new LNG carriers. “Qatar’s nature gas project will invest up to $10bn in new ship construction. Hudong-Zhonghua showed its competence in LNG ship building market and won the first batch of Qatar Petroleum’s newbuidling contract,” said Chen Jianliang, chairman of Hudong-Zhonghua. Hudong-Zhonghua Shipbuilding is one of the major shipbuilding enterprises under the flag of CSSC and was the first shipyard in China to build LNG carriers. Copyright © 2021. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Hudong-Zhonghua inks $2.86bn LNG carrier order from Qatar  content media
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