Hyundai Mipo Dockyard (HMD) and ILSHIN LOGISTICS have delivered the first liquefied natural gas (LNG) fuelled bulk carrier with International Gas Fuel (IGF) Code compliance, classified by Lloyd’s Register and the Korean Register. The 50,000 DWT bulk carrier is part of a collaboration project to develop the first in a new generation of environmentally-friendly LNG-fuelled...
Hyundai Mipo Dockyard (HMD) and Bernhard Schulte Ship Management are working towards building the first ballast-free liquefied natural gas (LNG) bunkering vessel under construction to Lloyd’s Register (LR) class. In light of increasingly stringent demands made by the International Maritime Organization’s (IMO’s) International Convention for the Control and Management of Ships’ Ballast Water and Sediments...
Kawasaki Kisen Kaisha (“K” Line), Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha (NYK Line) have begun joint discussions on the commercialisation of a new business to supply liquefied natural gas (LNG) to ships in the Chubu region of Japan. The four companies will discuss specific requirements for LNG customers and supply...
Increasing vessel supply will keep liquefied natural gas (LNG) charter rates under pressure in 2018, despite strong growth in trade, according to global shipping consultancy firm, Drewry. In its latest LNG Forecaster publication, Drewry reports that LNG charter rates will remain pessimistic in the short-term because of the high fleet growth, compared with demand. High deliveries and...
SEA\LNG, an industry coalition driving the adoption of liquefied natural gas (LNG) as a marine fuel, has announced the launch of a new free-to-access online tool to improve understanding of the current, and rapidly evolving, LNG bunkering infrastructure landscape. The newly launched Bunker Navigator Tool provides users with access to the latest developments in the...
The Port of Venice is undergoing research to determine the feasibility of a liquefied natural gas (LNG) bunkering barge at the Italian port. Thanks to European financing, the Port System Authority of the Northern Adriatic, in collaboration with the Tugs Riuniti Panfido is studying, the design and realisation of an LNG transport barge for distribution...
Players in the global shipping industry and leading environmental organisations have made a joint call to prohibit the carriage of non-compliant marine fuels once the 0.5% Global Sulphur Cap takes effect on January 1, 2020. In a joint statement made to the International Maritime Organization, environmental and shipping organisations have proposed a carriage ban on...
Gas Natural Fenosa and Baleària have signed an exclusive 10-year liquefied natural gas bunkering contract, which will see the gas company provide ports operated by Baleària with LNG. The contract will initially apply to all ports of Barcelona, Valencia, and Algeciras, and will eventually extend to all peninsular ports operated by Baleària. The contract will...
Shipping is going digital and the industry is making use of data and technical solutions that offer deeper insight into operational efficiency. However, going digital is only beneficial for an organisation if data collection systems and platforms are focussed across an entire organisation, reports Wärtsilä company, Eniram, in its latest white paper titled, Transforming LNG shipping...
The Baltic Exchange has formed the Baltic LNG Panellists Group to help the liquefied natural gas (LNG) market evolve in the shipping industry. Affinity, Braemar ACM, Clarksons and SSY are the LNG Panellists Group’s first members and are currently assessing a range of LNG routes before reporting moves to a trial phase. The Baltic Exchange...
A new series of four ‘smart’ shuttle tanker concept vessels being developed by Teekay are set to be fitted with Vessel Performance Management software from Wärtsilä subsidiary Eniram, alongside a range of other energy and emissions management systems and machinery, as part of a €110 million deal for Wärtsilä. The four ‘next generation’ vessels will...
An industry coalition that is driving the adoption of liquefied natural gas (LNG) as a marine fuel, known as SEA\LNG, has announced the addition of the first financial institution to the coalition, Societe Generale. The financial institution will bring its financial perspective on LNG to the coalition and assist with developing frameworks to support uptake...