LNG Shipping News

A LNG JOURNAL TITLE ON LNG TANKERS

5 December 2013

Joint venture aids Japanese fleet expansion

Japanese LNG shipping firms NYK, MOL, and K Line, have partnered on an Indian
import venture, furthering Japanese fleet expansion plans. Koji Sasaki, NYK's
spokesman, said, For this expansion, NYK seeks every opportunity, including joint
ventures, however matters are not concluded.
The companies officially launched
a new joint venture company,
called India LNG Transport Company, on Monday, with each company taking no more than a 50
percent share.
It will oversee construction of a
173,000cbm, Hyundai-built LNG
newbuilding for 19 year charter
to Petronet, starting September
2016, shipping from Chevronoperated Gorgon LNG Project in
Australia to India.
Petronet has since 2004 imported at least 5 million tons per
annum (MTPA) into India from
Qatar on three LNG carriers.
Indian shipper SCI, which already has at least three vesselowning consortiums with Japanese
companies for Petronet charter,
will manage the newbuilding.
SCI will lift the cargo from
Qatari Ras Laffan Liquefied Gas
Company, sold by RasGas II, and
Australian Gorgon LNG Project,
sold by producer partner ExxonMobil, and unload at two Indian
ports, Dahej Port and Kochi Port.

Japanese fleet expansion

The Japanese project partners
plan on ordering an estimated
90 LNG carriers between them
over the next six years to trans-

Carrier Lusail is managed by NYK

Shipmanagement Source: NYK

SHIPPING
NEWS
AGENDA
BUSINESS
Exmar to offer US IPO
on one tanker and
four regas vessels

SHIPYARDS

NYK's senior managing corporate officer Hitoshi Nagasawa and CEO of

Petronet LNG Ashok Kumar Balyan, second and third from left.
port new US and Australian natural
gas volumes, for delivery to Japan
and emerging Asian nations like
China, Reuters reported. Estimates on the total investment
reach $17.6 billion.
Mitsui OSK Lines (MOL) likewise
plans to increase its LNG shipping
fleet from 70 to 110 over the same
timeframe, and sees joint venture
potential with Japans utilities.
A MOL spokesperson said, We
have accumulated enough experience as owners and managers of
LNG carriers, so significance of JV
among Japanese ship owners is
much smaller these days.
However, there still is some
possibility for some JVs in the future as some Japanese utility companies have interests in owning
their own vessels and there is a
great merit in collaborating with
Chinese owners to enter LNG business in China.
In the case of NYK Group, with
a fleet of 66 LNG carriers, senior
managing director Hitoshi Nagasawa announced in the companys
August annual report plans to
build 34 more ships before 2020.
This will mean the companys
LNG carrier fleet may number 100,
as it continues to manage the ma-

jority, or between 60-70, of the

vessels. It currently manages 38.
Shipyards assisting NYKs fleet
expansion will not be limited to
Japanese shipyards, Saskai said.
Also, for the shipyards to order
the new LNGs, NYK keeps every
possibility to order.
MOLs spokesman said, similarly
Japanese shipyards are eager for
LNG carrier orders and without
doubt, their technology which enabled development of eco-engines and Sayaendo-shaped tanks
is the most advanced in the world.
On the other hand, Korean shipyards have the largest share,
building-capacity wise.
Medium to long term charters
awarded to NYK include an LNG
carrier for French producer GDF
Suez, that began in February 2013
and a 15 year charter for TEPCO of
Japan beginning next year.
A K Line spokesman told
Reuters that new vessels being
purchased may also be bought
jointly with others.
The projected orders may be
downscaled, depending on
whether Japans nuclear reactors,
shut down for improvements since
the Fukushima nuclear disaster in
2011, are turned back on.

Gazprom targets
small scale shipping
and producing own
LNG

FINANCE
Angolan LNG
shutdown and
higher China demand
sees spot cargo
estimates rise

TECHNOLOGY

Wrtsils low speed

engine: Running
faster on boil off gas

5
LNG ORDERBOOK
LNG vessels ordered

LNG Unlimited

NEWS

5 December 2013

Awilco LNG contracts WilForce, takes delivery of WilPride

Norwegian shipping company Awilco LNG, with 5 vessels in its fleet, announced a three year charter for
156,000cbm WilForce commencing after its December maiden voyage.
WilPride, which was delivered last
week and became available on Friday, has a single voyage charter as
its maiden voyage, after which a
mid-term charter contract is
sought for the vessel.
WilForce, delivered in September, is a tri fuel diesel electric propelled vessel built by South Korean
Shipyard Daewoo Shipbuilding and
Marine Engineering (DSME). It is
subject to a three year charter to
an unnamed oil and gas major including a one year extension option. The charter will commence
on 25 January 2014 and is expected
to contribute an annualized EBITDA
of about MUSD 23.5 per year.
WilEnergy, a 125,000cbm vessel, has also been committed to a
9 month contract, with a 3 month

option to extend for the charterer.

The contract was expected to
begin early last month, on
November 10.
Awilco will start 2014 with
three vessels on charter, Wilforce,
WilGas and WilEnergy. At the end
of WilEnergy's nine moth charter
next year,its charterer may exercise a three month option.

$144 million fleet

expansion investment
In its third quarter results Awilco
LNG reported freight income of
$9.2 million, a slight decrease
from $9.6 million in the preceeding quarter. It saw an EBITDA of
$0.4 down from $2.3 million last
quarter. It experienced 58 percent
utilization of its trading vessels,

Delivered: 156,000cbm Tri Fuel Diesel Electric-powered WilPride

up a few percentage points from
last year.
WilForce and WilPride were acquired through a sale-leaseback
agreement from Teekay LNG partners in August for a period of 5
years with a one year option for

Awilco LNG. The companys 2013

cash flow had a positive cash effect of $155.0 million from the
sale-leaseback of WilForce. The
company spent $144.3 million on
supervision and construction of
newbuildings.

Exmar to offer US IPO on one tanker and four regas vessels

The Belgian shipping holding company plans on offering an IPO in the US and New York stock listings for a master
limited partnership (MLP) that will own 50 percent equity interest on the units. All the vessels are already constructed, the company confirmed.
The timing of the IPO is not
yet announced and will follow
on approval of the American
governments stock market
regulator, the US Securities
Exchange Commission.
In an unrelated move last
week the companys CEO Nicolas
Saveryss other company Saverex,
which is the majority shareholder
of Exmar, sold some of its Exmar
shares for an amount of up to 45
million euros ($61M) to reimburse
a loan.
Saverex still maintains majority ownership, or 46 percent

LNG Shipping News

2nd floor, 8 Baltic Street East

London, EC1Y 0UP
United Kingdom
www.lngjournal.com
Tel: +44 (0)20 7017 3404

Publisher

Stuart Fryer

ownership of Exmar following the

sale said CFO Miguel dePotter.
Savarex is the majority share-

holder of Exmar and will remain

the main shareholder of Exmar.
They sold shares for personal

reasons and nothing to do with

Exmar.
There are plenty of new additional shareholders but none is
materially significant, exceeding 5
percent ownership.
The sale was used to reimburse
a loan granted by Belgian investment company Sofina and to partially reimburse short-term loans
granted by French bank BNP
Paribas Fortis, and Belgian KBC
Bank. BNP Paribas Fortis, KBC
Securities and Petercam acted as
joint-bookrunners in connection
with the placement.

Editor

Events

Production

Advertising

Subscriptions

Source: Exmar Shipmanagement

Cristina Brooks
+44 (0)20 7017 3404
general@lngjournal.com

Narges Jodeyri
+44 (0)207 017 3406
narges@lngjournal.com

Natasha Wedlock
Tel: +44 (0) 7017 3404
natasha@lngjournal.com

Elena Fuertes
Tel: +44 (0) 20 7253 2700
elena@lngjournal.com

Subscription included with

LNG Journal

Vivian Chee
Tel: +44 (0) 20 8995 5540
chee@btconnect.com
No part of this publication may be reproduced
or stored in any form by any mechanical,
electronic, photocopying, recording or any
other means without the prior written consent
of the publisher. Whilst the information and
articles in LNG Shipping News are published in
good faith and every effort is made to check
accuracy, readers should verify facts and
statements direct with official sources before
acting on them as the publisher can accept no
responsibility in this respect. Any opinions
expressed in this publication should not be
construed as those of the publisher.

5 December

NEWS 

LNG Unlimited

spot cargo arrives for Kogas

NEWS NLNG
Nigeria LNG (NLNG) sent a spot cargo to Korea Gas (Kogas), the worlds largest
LNG buyer last week, Bloomberg reported. The cargo was loaded on
NUDGE commercial
October 22 for arrival November 24th.
Shell tests FLNG hull
Shell announced that it successfully floated the hull of the Prelude, which will be the worlds
largest FLNG facility, out of the
dry dock at the Samsung Heavy
Industries shipyard in Geoje.
The project saw first steel cutting one year ago.

Teekay LNG partners

reported placing LNGC
order
Teekay LNG partners ordered
from DSME a 173,400cbm for delivery in the first half of 2017,
according to broker Golden Destiny. IHS Marine reported sources
saying this was for a customer in
the Americas, but Teekay LNG
Partners did not confirm.

Flex LNG considers

sale of assets
The UK-based FLNG and carrier
operator said in a notice of annual shareholders meeting it
had decided to explore strategies including a full or partial
sale of the company and its assets, a strategic third party
partnership, and the possibility
of a business combination.

Canaport LNG import

terminal gets LNG
tanker export approval
Canaport LNG, a natural gas import terminal majority owned by
Spanish producer Repsol in partnership with Irving Oil, has been
given permission by the Canadian Department of Environment
to allow it to export natural gas
on LNG tankers, said CBC News.
LNG could be exported to global
markets with better prices.

Source: Canaport LNG

The cargo was loaded at NLNGs

Bonny Island terminal on MISC-operated, 150,000cbm vessel Seri
Begawan and delivered to the
South Korean terminal on the west
coast, Pyeongtaek.
The price of LNG being delivered in the next few weeks may
near $18.60 per million British
thermal units according to New
York-based Energy Intelligence
Group.

Fleet upgrade to spur

Nigerian dry docking
NLNGs fleet size will reach 30
LNG carriers when six newbuildings valued at $1.3 billion are
delivered in 2015.
The vessels are currently in
various stages of completion at
Korean shipyards Samsung heavy
indusdtries and Hyundai, said the
companys managing director,
Babs Jolayemi Omotowa.
Omotowa commented on the
vessel construction programme
during a presentation when the
Coordinating Minister for the
Economy and Minister of Finance,

Kogas facility Source: NLNG

Dr. Ngozi Okonjo-Iweala, visited
the NLNG plant in Finima, Bonny
Island, Rivers State.
Omotowa said that the shipbuilding contract included terms
which would require the shipyards
to source Nigerian materials. We
are constructing six brand new
ships in Korea and the total cost of
construction is $1.3 billion. We are
training Nigerians in the process.
We will train over 600 Nigerians
and 100 of them will give advanced training too and 30 of
them will go to Korea to learn
more about shipbuilding so that

they can participate in the construction of ships.

We are hoping to develop the
capacity so that in future when we
have dry docks and have other shipbuilding capacity in Nigeria we have
Nigerians who can do the work.
They are being trained in shipbuilding. The ship-building industry
in Nigeria is being developed. There
are dry docks being built in Nigeria.
There are shipyards being built in
Nigeria. When they come back,
they will be able to build the
skills; they will be used in the
ship-building industry, he said. 

Gazprom targets small scale shipping and

bunkering
Russian producer Gazprom's main efforts for expanding LNG exports have so far
been focused on large-scale sales in fast-growing Asian markets. A Gazprom
spokesperson said, We are studying possibilities of how to diversify shipping and
terminal operations, and in the future we hope to take on more small scale shipping
and also terminal projects.
Gazprom Marketing and Trading
has a fleet of three LNG vessels
with two more vessels being delivered next year.
Small scale shipping applications targeted by the new sales
programme may possibly include
small scale LNG carriers used for
bunkering and feedering of LNG
for ships and terminals, a
spokesperson confirmed.
Small scale terminal operations
will enable the natural gas producer to enter new markets beyond its 10 existing export

markets and Asia.

Gazprom will increase the production of its own LNG to help it
enter new markets, but did not
confirm whether LNG production
would take place on onshore terminals or in offshore floating liquefaction (FLNG) units.
LNG export sales have until
now focused on swaps and supply
optimization to complement
Gazproms pipeline deliveries.
Another important area of
Gazprom's international LNG
activities is organizing small-scale

Dynagas-operated 154,880cbm
Yenisei River.
supply of LNG to be used as a
motor and marine vehicle fuel
as well as for household and
industrial consumers.

 NEWS

LNG Unlimited

5 December 2013

Angolan LNG shutdown and higher China demand sees

spot cargo estimates rise
Angola LNG, the long-awaited addition to global LNG volumes that was more than a year late coming on stream,
has shut down for maintenance and will further ramp up expected spot cargo prices through January 2014
because of additional demand from China.
The Angolan liquefaction plant at
Soyo on the Congo River, about
300 kilometres north of the capital
Luanda, is operated by Chevron
Corp. and has a nameplate capacity of around 5.5 million tonnes
per annum from a single Train, but
has not yet reached that level.
The operating company is a
partnership between Angolan energy firm Sonangol, Chevron, BP
of the UK, Italy's Eni and France's
Total.
The Angola project uses associated natural gas produced from
existing crude oil operations by
Chevron and the other partners as
well as new non-associated feedgas from other offshore fields.
The liquefaction plant has now
started a maintenance and testing
shutdown that will last about six
weeks and cover the peak season
for LNG spot cargo tenders destined for East Asia.
Asian LNG spot cargo prices for

delivery to Japan, South Korea

and China have climbed over $18
per million British thermal units
for December.
For traders, the Angolan shutdown adds to the real and perceived cargo shortage in the
global market.

Shortage means more

spot deals
This means spot LNG prices could
hit $20 per MMBtu for January and
February deliveries as demand
from China jumps because of a 50
percent increase in its LNG terminals network in two months, analysts said.
High crude oil prices are still
keeping long-term contract prices
linked to the Japanese Crude
Cocktail at around $16 per MMBtu,
while spot cargo prices of around
$18 per MMBtu could climb higher
in the months ahead.
The apparent resolution of the

Angola LNGs first cargo was shipped to Brazil by 160,000cbm SS Sonangol Sambizanga. Source: DSME
Iran crisis on nuclear proliferation
has had little effect so far on oil
prices, with Brent crude trading at
over $110 per barrel.
In addition to regular winter
LNG demand from Japan and
South Korea, the already tight LNG
cargo market is exacerbated by
demand fuelled by shutdowns in
nuclear generation.
This has been caused by postFukushima safety issues in Japan
and a spare parts scandal in South
Korea.
China is also seeking more spot
LNG on the market as its number
of import facilities in operation

this winter will have jumped from

six operational terminals to nine.
Qatargas last week delivered
the first cargo to the China National Petroleum Corp. Tangshan
LNG import terminal located in
Hebei province, southeast of Beijing, to start the commissioning of
what is the eighth Chinese facility.
At the end of October the same
company delivered a commissioning cargo to the China National
Offshore Oil Corp-owned Zhuhai
LNG terminal located in the southern Guangdong province and
which was China's seventh completed import facility.

Hoegh LNG posts second quarterly loss as it awaits

project start-ups to lift earnings
Hoegh LNG, the Norwegian LNG carrier owner and project developer, posted its second successive quarterly
loss as it awaited the start of import and export ventures to lift earnings.
Hoegh said its latest losses in the
third quarter amounted to $2.6
million. This was narrower than the
second-quarter loss of $6 million.
The company headed by Chief
Executive Sveinung J.S. Stohle
posted third-quarter revenue of
$45.7 million.
The company said one of its
quarterly highlights was the signing of a $310M debt facility to fi-

nance an Indonesian Floating Storage and Regasification Unit and

mooring project, known as the
Lampung FSRU venture.
Hoegh was also awarded a prefront-end engineering and design
study for a floating LNG barge project in Canada and a pre-FEED study
for an FLNG project in Australia.
The quarter also saw Hoegh
sign a time charter for the carrier

"LNG Libra" extended by 13

months by Spanish LNG player Gas
Natural Fenosa. The Hoegh LNG
carrier, the "Norman Lady", was
sold by the company.
"We are pleased to see that
we execute according to schedule
on our FSRU strategy, and are on
track for taking delivery of three
new regas units in 2014," said
CEO Stohle.
"In addition, we continue our
exit from the short-term LNG transportation market through the sale
of the 'Norman Lady'," Stohle added.

Plans for liquefaction

unit IPO underway
Hoeghs FLNG is being designed for rich to lean gas compositions, water
depths and metocean conditions.

Hegh LNG has, together with its

partners, the state petroleum
company Petromin of Papua New

Guinea and Daewoo of Korea, established a jointly owned company, PNG FLNG, to develop a
FLNG unit in Papua New Guinea.
It said in September it had developed a new strategic plan for
capitalisation and growth of its
Floating LNG unit, with the main
focus being a share sale and a
separate listing on the Oslo stock
exchange.
The company said it had retained a leading investment bank
to manage the possible share sale
that would bring a separate listing
for the FLNG business.
Golar LNG, Exmar and Excelerate Energy as well as majors like
Shell and Petronas are racing to
develop similar floating liquefaction unit projects.


5 December 2013

NEWS 

LNG Unlimited

Running faster on boil off gas

Wrtsil has completed testing on a new highly efficient low speed engine, RTflex50DF, for launch next year, and sold two for use in Danish Terntank's product
tankers. The Finnish engine manufacturer has a large market share in medium
speed Dual Fuel engines for LNG tankers.
This engine is a traditional two
stroke engine, so the way it is propelling an LNG carrier is similar to
how a oil tanker is operated today,
said Rolf Stiefel, Wrtsils sales
director, two stroke shippower.

Flexible operation
Low speed Dual Fuel engines, such
as German MANs MEGI and the new
Wrtsil DF, are known for efficient
propulsion. Due to their capability
to run on boil off gas, they are
slowly gaining a foothold in the traditional, steam-turbine dominated
LNG vessel propulsion market.
RT-flex50DF is the first of new
full range of low speed two stroke
dual-fuel engines Wrtsil will
bring to market in the coming
years. The LNG carrier twin-shaft
models X62DF and X72DF will be
ready for delivery in the first and
third quarter of 2015 respectively.
Operating on gas both at slow
speed in ports and on the seas at
high speed, Wrtsils latest innovation is pushing todays limits on operational flexibility, with the ability
to run on gas in more situations.
The system possesses the ability to run solely on gas across the
entire load range, for example at
slow speed while maneuvering in
port areas.
Due to the higher propulsion
efficiency in the overall system, it
also requires less boil off than alternative engines to reach the
typical LNG carrier speed of 18 to
19 knots, a huge advantage com-

pared to steam turbine driven vessels, according to Wrtsil.

The opportunity to run on gas
continuously may increase an engines lifespan, said Stiefel. The
clean fuel will extend the time
between overhaul for the engines,
whereas if you run on heavy fuel
oil you have higher wear and corrosion in the engine systems.
Respective maintenance of components will be lower compared
to todays situation.

Reduction of opex
With this low pressure DF engine
from Wrtsil the boil off gas from
the cargo tanks only needs to be
compressed to a maximum of 10 bar
pressure making the boil off compression and fuel handing system no
more complex than a DFDE. Some
competing systems on the market
require 290 bar compression.
Wrtsil claims the lower pressure feature contributes to savings
of 15-20 per cent in the operational cost off the boil off and gas
fuel system compared to the high
pressure system. It also saves the
cost of maintaining a complex
compression system.
The total system efficiency is
higher, but the engine efficiency is
comparable, said Stiefel.
The engines efficiency seeks
to resolve the conundrum faced by
operators, whereby technology
advances in tank insulation have
meant lower boil off, thereby saving cargo, but creating a lack of

Rolf Stiefel, Wrtsils sales

director, two stroke shippower
fuel for engines to reach required
vessel speeds, Stiefel said.
The operators want to burn
just the boil off gas, explained
Stiefel. They dont want to take
cargo out of the tanks in order to
propel the ship, they would just
like to run the vessel efficiently
on the boil off rate. So the boil off
rate is going down, but you need
to improve the propulsion efficiency in order to still achieve the
required speed.
Due to new technology which
is reducing the boil off there is a
tendency for LNG carriers, as
modern as they are, to actually go
slower. However, with the new
propulsion system we will be able
to achieve 18 to 19 knots.
It is definitely saving a lot of
LNG. If you compare it to steam
turbine driven ships it could be in
the range of 15%. Compared to
modern DFDE vessels the benefits
are smaller and which system is
best depends very much on the
operational profile.

Lowest available NOx

emissions
The new system will be available
from the third quarter of, 2014 in
time to prepare the market for
MARPOL regulations coming online
sometime in the next decade. The
regulations apply to newbuildings
operating in NOx Emission Control
Areas (NECAs) around Europe, for
example the North Sea and Baltic
Sea, and are planned for the
Mediterranean, and the Caribbean.

Shanghai
Bestway Marine
Engineering
design mulls
LNG bunkering
asset purchase
Shanghai Bestway Marine Engineering Design, which in March
announced it would help construct a 28,000cbm Chinaflagged LNG newbuilding for
Chinese Dalian Inteh Group,
has in recent weeks discussed
acquiring two LNG transport
companies in Shanghai,
reported SinoShip News.
In the natural gas transport
segment, the company can
design LNG carriers and LNG
gas dual fuel transport ships;
as well as dual fuel tugboats.
The company also said that the
future will focus on the development of natural gas fuelled
ship series.
The marine engineering firm
aired plans for buying fuelling
assets for vehicles such as all of
Shanghai Walking (sic) LNG Utilization Company as well as 80
percent ownership of Shanghai
Jieneng LNG Transport Company from Shanghai Walking.
Walking has five LNG stations in
Shanghai, and is also engaged
in LNG sales.
Shanghai Bestway Marine
Engineering said it aimed
through the deal to gain onshore natural gas operations
and qualifications, which it
would use to help promote LNG
bunkering for ships. The LNG
refueling facilities might be
able to carry water or gas.
The companys investment
team told its investors that its
outlook is geared towards the
longterm, and that with the
Chinese shipbuilding industry
in decline, sales of natural gas
may exceed existing ship design
revenue.
It also noted existing industry uncertainty for LNG bunkering, despite great expectations,
with respect to proving LNG
bunkering technology and
market acceptance.


 NEWS

LNG Unlimited

THE WORLDS NEWEST LNG CARRIERS

Name

Yard

Design

Prop.

CBM

Delivery Trade Route

Ship Owner

5 December 2013

Hull

Operator

Golar Igloo

Samsung

TZ Mk. III

DFDE

170000

Q4-13

Kuwait FSRU

Golar LNG

2031

WilhelmsenGolar

Maran Gas Apollonia

Hyundai Samho

TZ Mk. III

DFDE

164000

Q4-13

BG Portfolio

MaranGas

S624

Anangel

Golar Crystal

Samsung

TZ Mk. III

DFDE

160000

Q1-14

Golar LNG

2022

WilhelmsenGolar

Golar Bear

Samsung

TZ Mk. III

DFDE

160000

Q1-14

Golar LNG

2027

WilhelmsenGolar

Golar Penguin

Samsung

TZ Mk. III

DFDE

160000

Q1-14

Golar LNG

2023

WilhelmsenGolar

Maran Gas Delphi

DSME

GT NO 96

DFDE

159400

Q1-14

BG Portfolio

MaranGas

2296

Anangel

PGN FSRU Lampung

Hyundai Heavy

TZ Mk. III

Azipod

170000

Q1-14

Indonesia FSRU

Hegh LNG

2548

Hegh LNG

Velikiy Novgorod

STX O&S

GT NO 96

DFDE

170200

Q1-14

Gazprom Portfolio

Sovcomflot

1910

Sovcomflot

Clean Ocean

Hyundai Heavy

TZ Mk. III

DFDE

162000

Q1-14

Dynagas

2558

Dynagas

Cool Runner

Samsung

TZ Mk. III

DFDE

160000

Q1-14

Gaslog NB-6

Samsung

TZ Mk. III

DFDE

155000

Q1-14

Corcovado

DSME

GT NO 96

DFDE

159760

Q2-14

Golar Eskimo

Samsung

TZ Mk. III

DFDE

160000

Q2-14

Independence

Hyundai Heavy

TZ Mk. III

DFDE

170000

Q2-14

Thenamaris

2046

Bernard Schulte

GasLog

2042

CERES

Cardiff

2297

Cardiff Gas

Jordan FSRU

Golar LNG

2024

WilhelmsenGolar

Lithuania FSRU

Hegh LNG

2549

Hegh LNG

Shell Portfolio

EE NB-1 FSRU

DSME

GT NO 96

DFDE

173400

Q2-14

Petrobras VT3

Excelerate Energy

2402

TBD

Maran Gas Posidonia

Hyundai Samho

TZ Mk. III

DFDE

164000

Q2-14

BG Portfolio

MaranGas

S625

Anangel

Golar Frost

Samsung

TZ Mk. III

DFDE

160000

Q2-14

Golar LNG

2055

WilhelmsenGolar

Hoegh NB-3 FSRU

Hyundai Heavy

TZ Mk. III

Azipod

170000

Q2-14

2550

Hegh LNG

Kita

DSME

GT NO 96

DFDE

159760

Q2-14

Cardiff

2298

Cardiff Gas

Maran Gas Efessos

DSME

GT NO 96

DFDE

159400

Q2-14

BG Portfolio

MaranGas

2291

Anangel

Chevron NB-1

Samsung

TZ Mk. III

DFDE

160000

Q2-14

Chevron Portfolio

Chevron

1920

Chevron Shipping

SCF Pskov

STX O&S

GT NO 96

DFDE

170200

Q3-14

Gazprom Portfolio

Sovcomflot

1911

Sovcomflot

Clean Planet

Hyundai Heavy

TZ Mk. III

DFDE

162000

Q3-14

Dynagas

2565

Dynagas
WilhelmsenGolar

Golar Glacier

Hyundai Samho

TZ Mk. III

DFDE

162000

Q3-14

Chevron NB-2

Samsung

TZ Mk. III

DFDE

160000

Q3-14

Golar Snow

Samsung

TZ Mk. III

DFDE

160000

Q3-14

Palu

DSME

GT NO 96

DFDE

159760

Q3-14

TEPCO NB-1

Mitsubishi H.I.

Moss

STRH

145500

Q3-14

Adam

Hyundai Heavy

TZ Mk. III

DFDE

162000

Q4-14

Brunei NB-1

Hyundai Heavy

TZ Mk. III

DFDE

154800

Q4-14

Cool Explorer

Samsung

TZ Mk. III

DFDE

160000

Q4-14

Golar Kelvin

Hyundai Samho

TZ Mk. III

DFDE

162000

Q4-14

Osaka Gas NB-1

Mitsubishi H.I.

Moss

STRH

153000

Q4-14

Gaslog NB-7

Samsung

TZ Mk. III

DFDE

155000

BW Gas NB-1

Hyundai Heavy

TZ Mk. III

DFDE

161880

Yari

DSME

GT NO 96

DFDE

159760

Q4-14

Colburn LNG FSRU Hegh LNG

Chevron Portfolio

TEPCO
Brunei Fleet

S658
1921

Chevron Shipping

Golar LNG

2047

WilhelmsenGolar

Cardiff

2400

Cardiff Gas

NYK

2289

NYK

Oman LNG

2584

Oman Shipping

Brunei Gas Carriers

2606

STASCO

Thenamaris

2049

Bernard Schulte

Golar LNG

S659

WilhelmsenGolar

Mitsui OSK / Osaka Gas2295

MOL

Q4-14

Gaslog

2043

CERES

Q4-14

BW Gas

2571

BW

Cardiff

2401

Cardiff Gas

Chubu NB-2

Mitsubishi H.I.

Moss

STRH

153000

Q4-14

Golar Ice

Samsung

TZ Mk. III

DFDE

160000

Q4-14

Maran NB-7

Hyundai Samho

TZ Mk. III

DFDE

164000

Q4-14

Osaka Gas

Golar LNG
Chevron

Chubu Electric
BG Portfolio

Mitsui Osk / Mitsubishi 2297

MOL

Golar LNG

2048

WilhelmsenGolar

MaranGas

S626

Anangel

BW Gas NB-2

Hyundai Heavy

TZ Mk. III

DFDE

161880

Q1-15

BW Gas

2572

BW

Gaslog NB-8

Samsung

TZ Mk. III

DFDE

155000

Q1-15

Gaslog

2044

CERES

Maran Gas Mistras

DSME

GT NO 96

DFDE

159400

Q1-15

BG Portfolio

MaranGas

2405

MOL PNG NB-1

Hudong

Membrane

SSD

170000

Q1-15

PNG / Gorgon

Mitsui OSK

H1670A

Chevron NB-3

Samsung

TZ Mk. III

DFDE

160000

Q1-15

Chevron Portfolio

Chevron

1941

Chevron Shipping

Chubu NB-3

Mitsubishi H.I.

Moss

STRH

153000

Q1-15

Chubu Electric

NYK

2298

NYK

Energy Atlantic

STX O&S

GT NO 96

DFDE

160000

Q1-15

Alpha Tankers

1670

TBD

Maria Energy

Hyundai Heavy

TZ Mk. III

DFDE

170000

Q1-15

Tsakos

2612

TBD

Dynacom NB-6

Hyundai Heavy

TZ Mk. III

DFDE

162000

Q1-15

Dynagas

2566

Dynagas

Anangel
MOL

Energy Pacific

STX O&S

GT NO 96

DFDE

160000

Q1-15

Alpha Tankers

1671

TBD

Hoegh NB-4 FSRU

Hyundai Heavy

TZ Mk. III

Azipod

170000

Q1-15

Hegh LNG

2251

Hegh LNG

Maran Gas London

DSME

GT NO 96

DFDE

159400

Q1-15

BG Portfolio

MaranGas

2292

Osaka Gas NB-2

Mitsubishi H.I.

Moss

STRH

153000

Q2-15

Osaka Gas

Mitsui OSK / Osaka Gas2296

MOL

Maran Gas Alexandria

Hyundai Samho

TZ Mk. III

DFDE

164000

Q2-15

BG Portfolio

MaranGas

S627

Anangel

Chevron NB-4

Samsung

TZ Mk. III

DFDE

160000

Q2-15

Chevron Portfolio

Chevron

1942

Chevron Shipping

Brunei NB-2

Hyundai Heavy

TZ Mk. III

DFDE

154800

Q2-15

Brunei Fleet

Brunei Gas Carriers

2607

STASCO
Dynagas

Dynacom NB-7

Hyundai Heavy

TZ Mk. III

DFDE

162000

Q2-15

Dynagas

2567

Maran Gas Troy

DSME

GT NO 96

DFDE

159400

Q2-15

BG Portfolio

MaranGas

2406

MOL PNG NB-2

Hudong

Membrane

SSD

170000

Q2-15

PNG / Gorgon

Mitsui OSK

H1671A

DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas
injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit

Anangel

Anangel
MOL

Name

NEWS 

LNG Unlimited

5 December 2013

Yard

Design

Prop.

CBM

Delivery Trade Route

Ship Owner

Hull

Petronas FLNG NB

DSME

GT NO 96

FLNG

180000

Q2-15

Petronas FLNG

Petronas

6302

TBD

Maran NB-12

Hyundai Samho

TZ Mk. III

DFDE

164000

Q3-15

BG Portfolio

MaranGas

S689

Anangel

NLNG NB-1

Samsung

TZ Mk. III

DFDE

170000

Q3-15

Nigeria LNG

Bonny Gas Transport

2076

BGT

SCF Melampus

STX O&S

GT NO 96

DFDE

170200

Q3-15

Shell Portfolio

Sovcomflot

1912

Sovcomflot

BW Gas NB-3 FSRU

Samsung

Membrane

DFDE

170000

Q4-15

BW Gas

2074

BW

Maran NB-13

Hyundai Samho

TZ Mk. III

DFDE

164000

Q4-15

BG Portfolio

MaranGas

S688

Anangel

Golar Tundra

Samsung

TZ Mk. III

DFDE

170000

Q4-15

Gas Atacama FSRU Golar LNG

2056

MOL PNG NB-3

Hudong

Membrane

SSD

170000

Q4-15

PNG / Gorgon

Mitsui OSK

NLNG NB-2

Hyundai Heavy

TZ Mk. III

DFDE

170000

Q4-15

Nigeria LNG

SCF Mitre

STX O&S

GT NO 96

DFDE

170200

Q4-15

Shell Portfolio

Chevron NB-5

Samsung

TZ Mk. III

DFDE

160000

Q4-15

Chevron Portfolio

Operator

WilhelmsenGolar

H1672A

MOL

Bonny Gas Transport

2636

BGT

Sovcomflot

1913

Sovcomflot

Chevron

2069

Chevron Shipping

Chevron NB-6

Samsung

TZ Mk. III

DFDE

160000

Q4-15

Chevron Portfolio

Chevron

2070

Chevron Shipping

Chubu NB-1

Kawasaki

Moss

STRH

164700

Q4-15

Chubu Electric

K-Line

1713

K-Line

NLNG NB-3

Samsung

TZ Mk. III

DFDE

170000

Q4-15

Nigeria LNG

Bonny Gas Transport

2077

BGT

Shell NB-1

Samsung

Membrane

FLNG

225000

Q1-16

Shell FLNG

Shell

2030

STASCO

Sinopec NB-1

Hudong

Membrane

DFDE

174000

Q1-16

APLNG

China Shipping
Group / Mitsui OSK

NLNG NB-4

Samsung

TZ Mk. III

DFDE

170000

Q1-16

Nigeria LNG

Gaslog NB-9

Samsung

TZ Mk. III

DFDE

173400

Q1-16

BG Portfolio

Maran NB-14

Hyundai Samho

TZ Mk. III

DFDE

173000

Q1-16

Maran NB-16

DSME

GT NO 96

DFDE

170000

MOL PNG NB-4

Hudong

Membrane

SSD

170000

Teekay NB-1

DSME

GT NO 96

MEGI

173400

Q1-16

Cheniere

Teekay LNG

2407

Teekay LNG

NLNG NB-5

Hyundai Heavy

TZ Mk. III

DFDE

170000

Q2-16

Nigeria LNG

Bonny Gas Transport

2637

BGT

Gaslog NB-10

Samsung

TZ Mk. III

DFDE

173400

Q2-16

BG Portfolio

Gaslog

2072

CERES

Kansai NB-1

Kawasaki

Moss

STRH

164700

Q2-16

Kansai

Kansai / Mitsui OSK

1712

MOL

Maran NB-15

Hyundai Samho

TZ Mk. III

DFDE

173000

Q2-16

BG Portfolio

MaranGas

S691

Anangel

Maran NB-17

DSME

GT NO 96

DFDE

170000

Q2-16

BG Portfolio

MaranGas

2413

Anangel

NLNG NB-6

Samsung

TZ Mk. III

DFDE

170000

Q2-16

Nigeria LNG

Bonny Gas Transport

2079

BGT

Sinopec NB-2

Hudong

Membrane

DFDE

174000

Q2-16

APLNG

China Shipping
Group / Mitsui OSK

H1716A

TBD

Teekay NB-2

DSME

GT NO 96

MEGI

173400

Q2-16

Cheniere

Teekay LNG

2408

Teekay NB-3

DSME

GT NO 96

MEGI

173400

Q3-16

Teekay LNG

2416

Teekay LNG

Uruguay FSRU

DSME

GT NO 96

DFDE

263000

Q3-16

Uruguay FSRU

Mitsui OSK

TBN

MOL

Gaslog NB-11

Samsung

TZ Mk. III

DFDE

173400

Q4-16

BG Portfolio

Gaslog

2102

CERES

SK Marubeni NB-1

Samsung

TZ Mk. III

DFDE

180000

Q4-16

Ichtys LNG

SK Shipping / Marubeni 2080

SK Shipping

Teekay NB-4

DSME

GT NO 96

MEGI

173400

Q4-16

Teekay LNG

Teekay LNG

Sinopec NB-3

Hudong

Membrane

DFDE

174000

Q4-16

H1715A

TBD

Bonny Gas Transport

2078

BGT

Gaslog

2073

CERES

BG Portfolio

MaranGas

S690

Anangel

Q1-16

BG Portfolio

MaranGas

2412

Q1-16

PNG / Gorgon

Mitsui OSK

H1673A

APLNG

China Shipping
Group / Mitsui OSK

2417
H1717A

Anangel
MOL

Teekay LNG

TBD

Ichtys NB-1

Kawasaki

Moss

DFDE

182000

Q4-16

Ichtys LNG

K-Line

1718

K-Line

Inpex NB-1

Mitsubishi H.I.

Moss

STRH

155300

Q4-16

Ichtys LNG

K-Line / Inpex

2310

K-Line

Petronas

2729

MISC

Petronas NB-1

Hyundai Heavy

Moss

STRH

150000

Q4-16

SK Marubeni NB-2

Samsung

TZ Mk. III

DFDE

180000

Q4-16

Total Portfolio

SK Shipping / Marubeni 2081

SK Shipping

Gaslog NB-12

Samsung

TZ Mk. III

DFDE

173400

Q1-17

BG Portfolio

Gaslog

CERES

Sinopec NB-4

Hudong

Membrane

DFDE

174000

Q1-17

APLNG

China Shipping
Group / Mitsui OSK

Flex NB-1

Samsung

TZ Mk. III

DFDE

174000

Q1-17

Flex LNG

TBN

TBD

Petronas NB-2

Hyundai Heavy

Moss

STRH

150000

Q1-17

Petronas

2730

MISC

Teekay NB-5

DSME

GT NO 96

MEGI

173400

Q1-17

Teekay LNG

TBN

Teekay LNG

Flex NB-2

Samsung

TZ Mk. III

DFDE

174000

Q1-17

Flex LNG

TBN

TBD

Kansai NB-2

Mitsubishi H.I.

Moss

STRH

155300

Q2-17

Kansai

Kansai / Mitsui OSK

2299

MOL

Petronas NB-3

Hyundai Heavy

Moss

STRH

150000

Q2-17

Petronas

2731

MISC

Osaka Gas NB-3

Mitsubishi H.I.

Moss

STRH

153000

Q2-17

Osaka Gas

Mitsui OSK / Osaka

Gas / Kyushu

2311

MOL

Petronas

2103
H1718A

TBD

Petronas NB-4

Hyundai Heavy

Moss

STRH

150000

Q2-17

2732

MISC

Sinopec NB-5

Hudong

Membrane

DFDE

174000

Q2-17

APLNG

China Shipping
Group / Mitsui OSK

H1719A

TBD

Sinopec NB-6

Hudong

Membrane

DFDE

174000

Q4-17

APLNG

China Shipping
Group / Mitsui OSK

H1720A

TBD

DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas
injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit

PFI London

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