Knutsen NYK JV takes interest in two carriers

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Category: Navieras
Published on Monday, 09 June 2014 06:55
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A LNG JOURNAL TITLE ON LNG TANKERS 29 May 2014

ORDERS

Japanese shipping company NYK Line and Norwegian Knutsen OAS shipping, through its entity TS Shipping Invest AS (TSSI), have agreed 50/50 ownership on two LNG carriers being built for Gas Natural Fenosa charter.

 

Norway’s Knutsen OAS last May had concluded a shipbuilding deal with Hyundai Heavy Industries for two hulls for its new ship owning companies, Norspan LNG IX AS and Norspan LNG X AS.

Gas Natural selected it to manage two newbuildings for the Stream LNG fleet, formerly owned

by Spanish Repsol. The fleet is now owned by Shell.

Spanish shipping company Elcano around the same time reportedly booked two LNG newbuildings for Gas Natural charter.

The ships were signed on two time charters

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Teekay, Chinese partner negotiating Yamal Icebreaker shipyard

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Published on Monday, 09 June 2014 06:44
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2 _ NEWS LNG Shipping News 29 May 2014

Teekay LNG in March signed an LOI for a 50/50 joint venture with a Chinese LNG shipping company, to provide six icebreaking LNG carriers to ship from the Yamal LNG project.

Yamal LNG terminal, located on the Yamal Peninsula in Northern Russia, is a joint-venture company operated jointly by oil and gas companies, Russian Novatek (60 percent), French Total (20 percent) and Chinese state-controlled China National Petroleum Corporation CNPC (20 percent).

Teekay and its Chinese partner are now negotiating contract terms, including the shipbuilding

contracts and related time-charters, which it expects to finalise before the end of the year.

The Yamal LNG project will produce 16.5 million metric tons of LNG per annum when it

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Owners' LNG boxship bid

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Published on Friday, 30 May 2014 11:49
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          A group led by Finland's Containerships has ordered up to four new dual-fuel boxships for European short-sea trades.       

          The new design       

The company said it has teamed up with GNS Shipping/Nordic Hamburg and Arkon Shipping on the vessels, which will use LNG, but could also use conventional bunkers.

The order is for two firm ships, plus two options, but the yard has not been disclosed.

Containerships will be chartering the units over the long term, while the owner and technical manager will be GNS Shipping/Nordic Hamburg.

Arkon will provide commercial management.

The first two will be delivered in 2016.

"Containerships will thus be the first short-sea container operator in Europe to run ships on LNG," it said.

It added the vessels will offer the most efficient and environmentally friendly option for transporting containers by sea, and will exceed environmental standards in the sulphur emission control area (SECA).

OOCL launches 10th mega-class boxship

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Published on Friday, 30 May 2014 11:47
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By from Hong Kong
 

Hong Kong container line Orient Overseas Container Line (OOCL) christened the tenth and last in the current series of its 13,208-teu mega-class newbuildings at Samsung Heavy Industry's yard in Geoje Island this week.

The OOCL Singapore was named by the vessel sponsor Brenda Lo, Asia md of Permal (Hong Kong) Limited, and wife of guest of honour Weber Lo, Citi country officer and ceo of Citi Hong Kong and Macau.

Other distinguished guests and institutional supporters included Hisanaga Tanimura, president and ceo of Financial Products Group who also joined the celebration.

Acting cfo of Orient Overseas (International) Limited Alan Tung expressed gratitude to those who had made the newbuilding project possible and highlighted OOCL’s commitment to quality and competitiveness.  “With

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