Tuesday, July 15, 2008

Qatargas and Nakilat name world's biggest LNG vessel at Samsung before delivery to Lloyd's Register Class

International gas shipping entered a new era when the world's largest LNG vessel was named in front of a huge crowd of dignitaries at Samsung Heavy Industry's (SHI) massive shipyard on Geoje Island, South Korea.

Ordered and to be operated by the Qatar Gas Transport Company (Nakilat), ‘Mozah’, the first "Q-Max"-sized vessel with a capacity for 266,000 cubic-metres of LNG, will carry almost 80 percent more cargo than conventional ships. These new models are expected to spearhead long haul gas shipping to the United States and Europe as the industrialized world continues its search for cleaner energy products. ‘Mozah’ will be classed by Lloyd’s Register. The Q-Max model - "Q" for Qatar and "Max" for the maximum size of ship able to dock at the LNG terminals in Qatar - features slow-speed diesel engines that are more fuel- and thermally efficient than steam turbines, resulting in about a 30 percent reduction in overall emissions. In short, they represent a cleaner way to safely transport cleaner energy. The improved economies of scale inherent in the much larger comparative load capacity also are expected to reduce shipping costs - which typically have accounted for about one-third of the price for LNG -- by about 30 percent. Lloyd's Register is the world's leading classification society for LNG vessels with 39% of the existing fleet under its class, a proportion that is destined to grow with the delivery of the new Q-Maxes in the next two years. In all, 14 Q-Max and 31 Q-Flex-sized LNG ships have been ordered from the big three Korean shipbuilders by Qatari interests and their partners, 17 of which will be built to Lloyd's Register class.
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US first littoral combat ship propulsion plant operational

The propulsion plant of the US’ first Littoral Combat Ship, ‘Freedom’ (LCS 1), has completed testing in preparation for dock trials at Marinette, USA.

The ship is now ready to begin dock trials, the final stage of testing before underway trials. “’Freedom’ is now exercising her propulsion train to the full extent possible in port, running the gas turbines and diesel engines; spinning shafts and pumping water through the steerable water jets,” said Dan Schultz, vice president and general manager of Lockheed Martin’s Maritime Security & Ship Systems line of business. “We are looking forward to beginning underway trials in the lakes and demonstrating the capabilities this unique ship will bring to the US Navy.” The agile 115-metre ’Freedom’ is powered by an innovative, combined diesel and gas turbine propulsion plant, with steerable water jet propulsion. This system will power the ship at cruise speeds out to ranges exceeding 3,500 nautical miles and will also allow the ship to sustain sprint speeds over 40 knots. Dock trials includes a series of demonstrations of propulsion, navigation, communication and other systems conducted to ensure the ship is ready for sea trials. There has been rapid progress on ’Freedom’ since the beginning of the year. The two Rolls-Royce MT30 gas turbine engines, the largest and most powerful ever installed on a Navy ship, were successfully lit off and tested in May, as were the steerable Rolls-Royce Kamewa water jets.
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Siba Ships increases bulk fleet

Siba Ships has ordered two 81,000DWT Kamsarmax bulk carriers to be built at STX in Korea which is to be delivered for 2011.

Siba currently operates fourteen Panamax, Kamsarmax and handy bulkers and has a further 15 bulk newbuildings for delivery between now and 2011. These include post Panamax, Kamsarmax, and handy size tonnage either owned or on long term charter. Siba Ships is the Italian shipowning arm of the Balzarini group which specializes in the trading and transportation of livestock.
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Bechtel wins Gladstone LNG work

Queensland Gas Company (QGC) and UK-based BG Group have picked engineering contractor Bechtel to build the proposed Gladstone liquefied natural gas project in Queensland.

QGC and BG said in a joint statement that, under the agreement, Bechtel would start work on front-end engineering and design work for the planned 3 million to 4 million tonne per year facility, to allow a “seamless transition” into the procurement and construction phase of the project following a final investment decision expected in early 2010. The Gladstone project will initially run one compression train but will be designed to be expanded with additional trains to a capacity of 12 million tonnes per year. Bechtel has significant experience in building LNG plants, having constructed about one-third of existing LNG production capacity worldwide, the statement said. The company has previously built a facility at Darwin in Australia, and has build six trains for BG in Egypt and Trinidad & Tobago. Bechtel specializes in LNG compression using the ConocoPhillips Optimised Cascade Process, which the Gladstone partners agreed was best suited to the coalbed methane feedstock to be used in the project, the statement said. The Gladstone project will tap CBM reserves in Queensland’s Surat basin for use in Australia and export as LNG to international markets.
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APM Terminals to begin new Black Sea facility project

Securing a new container terminal project at the Ukrainian Port of Illichivsk, APM Terminals will expand its presence in the fast growing Black Sea Region.

APM Terminals announces the start of a new container terminal development at the Black Sea Ukrainian Port of Illichivsk at The Hague, Netherlands. Located 12 miles from Odessa on the western shore, Illichivsk is a major maritime center for the Ukraine, the largest and fastest growing container market on the Black Sea. States Klaus Rud Sejling, APM Terminals’ Vice President of Business Development, "We are delighted to work on a terminal project with our local Ukrainian partners and expect to have the final plans firmed up later this year with a tentative completion date of 2011." APM Terminals, with corporate headquarters in The Hague, Netherlands, is one of the world’s leading global container terminal owners and operators, with a Global Terminal Network of more than 50 terminals and offices in 35 countries and five continents, serving more than 60 container shipping lines around the world.
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DP World signs Aden Container Terminal operation jv

DP World and the Yemen Gulf of Aden Port Corporation have embarked on a joint venture that will see the former operate and develop the container handling facilities at both Aden Container Terminal and of nearby Ma'alla Container Terminal.

The venture, which chalks out an investment of $220m for further development of Aden Port over the next five years, includes construction of a new 400mtr berth extension to Aden Container Terminal. Upon completion of the first phase of project, capacity at the port will increase from its current 700,000teu to 1.5mteu. Phase two of the project will entail additional capacity to cope with market demand at the time.
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