• 2018 June 13 09:52

    LNG Conference 2018 concludes in Helsinki

    Around 80 delegates gathered in Helsinki during last week’s LNG Conference 2018, to discuss the state of the industry, innovative tech and LNG in comparison to other alternative fuels among other topics. The event, hosted by Port of Helsinki and Tallink, was held on 7-8/6/2018 at the Helsinki City Hall and onboard Tallink’s LNG fueled “Megastar” ferry.

    The event, divided into two days, tackled a wide spectrum of topics currently relevant to the development of the LNG market in Europe and the Baltic, while at the same time taking into account the situation on the global scene.

    DAY 1 kicked off with an opening speech by Ville Haapasaari, CEO of the Port of Helsinki, underlining the need for LNG to be comprehensively available. This is especially important, considering the complexity of the fuel market’s future, with a multitude of solutions being available and many stakeholders still undecided as to which path they should take. Therefore, standards must be set well above the minimum level.

    Eero Vanaale of Royal HaskoningDHV, the moderator for the day, was next to take the stage and deliver the first keynote speech. He presented a detailed market overview, taking into consideration the shifts in demand and supply. Should the market continue growing at the projected pace, we might see an undersupply in mid 2020s, with trade expansion driven by projects in countries such as the US, Quatar, Mozambique or Russia.

    According to Chart Industries, the growing energy demand will pose a chance for the LNG industry and allow it to play a significant role. Still, it remains difficult to foresee how governments and countries will respond to new LNG projects, making it one of the key risks for new enterprises.

    LNG bunkering was also mentioned, in particular the fact that it isn’t really a game changer. A view shared by many of the speakers, including Mark Bell of SGMF, stating that the maritime industry, which has been considering LNG as a possible future fuel for a while now, is but a small dot on the world LNG agenda.

    Speaking of the maritime sector, there is significant momentum expected with oil tankers and cruise ships shifting to LNG as fuel, according to GTT’s findings. IMO’s Sulphur Cap 2020 is certainly having an impact on the seafaring industry and shipowners, as is the broader access to LNG supply.

    Safety was another key item in many of the presentations, among them Skangas’. In an examination of the intricacies of designing a small scale LNG supply chain, safety, cost efficiency and stability were named as the most important factors. The need for more off-take has been cited, in order to validate further development, with an increase in throughput necessary to continue cutting costs. 

    LNG bunkering guidance was the topic of EMSA’s presentation, elaborating on the topic of safety of bunkering operations. A number of challenges linked to the preparation of such a document has been stated, as well as the fact that risk assessment has to be as independent as possible from various LNG solutions. An increase in safety has been promised in Valmet Automation’s speech, demonstrating their all-in-one system for enhancing bunkering operations. The system’s target is to cut costs and raise security levels, thus making LNG more affordable.

    After a wonderful evening cocktail, the delegates boarded Tallink’s LNG fueled “Megastar” ferry for the second day of the conference. Representatives of Tallink started the day sharing with the audience their experience with bunkering operations and ways to optimize the process. Tallink’s LNG supplier, Eesti Gaas, was also there to offer an insight into their future plans.

    Before embarking on the study tour, which took the participants to the ship’s engine room and bunkering station, the delegates had a chance to take a closer look at a LNG behavior tools suite, designed for small scale LNG applications and developed by ENGIE.

    The day ended with an examination of the difficulties and challenges still ahead of the maritime industry in its quest to employ LNG as fuel on a much broader scale. The presentation, delivered by Containerships, was followed by a representative of Deltamarin, offering one possible solution, namely retrofitting of ships. While it can certainly pose a valid strategy for many shipowners, there are issues that need to be taken into consideration, one of them being the space taken up by the LNG installation.

    The conference, organized by Actia Forum, was sponsored by Skangas, GTT, GMA Petroleum, Stirling Cryogenics, Novatek Poland, Chart Industries and Valmet Automation.




2019 May 24

18:07 Port of Antwerp 1st port of call for reefer service from Peru, Chile, Colombia, Ecuador and Panama
17:49 Hannu Ylärinne appointed COO and Executive Vice President of Arctia Group having retained his position as CEO of Meritaito
17:28 Coast Guard issues waterway restrictions on Mississippi, Illinois Rivers
17:11 NOVATEK obtains new licenses on Krasnoyarsk Territory
17:02 CMA CGM launches the Reefer Pharma division for the temperature-controlled transportation of pharmaceutical products
16:50 Throughput of Rostov-on-Don port in 4M’19 fell by 7% Y-o-Y to 5.11 million tonnes
16:28 Teekay Tankers reports 1Q 2019 results
16:17 Acta Marine names its third W2Work offshore vessel Acta Centaurus
15:53 Ambal ferry returns to Baltijsk-Ust-Luga line after scheduled maintenance
15:27 Surveillance camera installed by Freeport of Riga Authority on Krievu Island for coal dust monitoring
14:59 Port of Tallinn got acknowledged as socially responsible company
14:01 Port Houston volume up nine percent year-over-year
13:50 Feodor Shishlakov appointed head of Volgo-Baltic Administration
13:22 PSA, PFR and IFM investors jointly acquire DCT Gdańsk
12:18 ASI Marine develops an alternative safe method for surveying in hazardous high flow areas.
12:00 Lotos shipyard launches Peotr Veliky, cruise ship of Project PV300VD
11:37 New tugboat built by Damen to expand port fleet of Nakhodka TSP
11:16 SeaBird announces update on vessel acquistion and contemplated private placement of new shares
11:06 Jotun creates new standard for predictable, long-term antifouling protection with SeaForce and HydractiveTM technology
11:01 Global Ship Lease announces agreement to acquire three containerships
10:45 Russian ship owners got 29 new seagoing commercial ships with total deadweight of 552,400 tonnes in 2018 - CNIIMF
10:24 Brent Crude futures price is up 1.22% to $68.59, Light Sweet Crude – up 1.23% to $58.62
10:11 NORDEN boosts Middle East activities with new 3-year contract
10:09 Royal IHC names 2,300m³ TSHD LESSE
09:58 Rotterdam sends hyper-smart container on trip around the world
09:47 Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
09:26 ZIM announces changes to MGX Service
09:16 MABUX: Bunker market this morning, May 23
09:15 Baltic Dry Index is up to 1,068 points
08:50 Bunker prices review at global sea ports, Week 21st, 2019

2019 May 23

18:43 DOF Subsea secures contract in Brazil
18:21 ZIM Q1 2019 revenues rose 6.0% to $796.2M
18:06 MOL to Join Consortium on TCFD (Task Force on Climate-related Financial Disclosures)
17:44 CNIIMF forecasts NSR cargo traffic to reach 100 million tonnes by 2035
17:11 USCG closes case of downed aircraft in Prince William Sound
17:06 Port of Rotterdam sees significant progress in development HES Hartel Tank Terminal
16:55 GOGL announced net loss of $ 7.5M vs net income of $ 23.6M in 1Q 2019
16:30 New digital solution from Rolls-Royce and ZF improves availability and CO2 emissions of ships
16:05 CMA CGM orders 50,000 Traxens trackers
15:23 OCTOMAR Serviços Marítimos takes delivery of Damen Fast Crew Supplier 2206
14:47 RF Navy’s destroyer participated in combat training in the Sea of Japan
13:36 High Representative/Vice-President Federica Mogherini visits ITS Carlo Margottini
13:05 Singapore to host Port Maintenance and Facilities Management Summit on 24-27 September 2019
12:29 Optimarin gears up for retrofit wave with expansion and new hires
12:19 FESCO and Russian Railways launch transit service for delivery of goods from Japan to Europe through Russia
11:43 Bunker prices go up at the Far East ports of Russia (graph)
11:21 Severnaya Verf starts cutting metal for third processing trawler of Project 170701 ordered by NOREBO Group
11:08 Diana Shipping announces time charter contract for m/v Baltimore with Koch
10:26 Brent Crude futures price is down 0.69% to $70.5, Light Sweet Crude – down 0.6% to $61.05
10:08 Port of Antwerp aims for more efficient road transport with night-time opening hours on Right bank of Scheldt
09:57 Kuibyshev reservoir level allows for fleet operation - RF Transport Ministry
09:39 NOVATEK signed MoU with Ninh Thuan Province in Vietnam
09:20 Baltic Dry Index is up to 1,059 points
09:10 MABUX: Bunker market this morning, May 23
09:08 Royal IHC signs contract with Cameroon’s Port Authority of Douala
08:25 Sempra LNG and Aramco Services Company sign heads of agreement for Port Arthur LNG

2019 May 22

18:05 CMA CGM to resume the Bijagos Shuttle service
17:50 RF Government approves rules for collecting port investment dues from ship owners in Russian seaports
17:38 The University of Calabria and Finсantieri ink training agreement
17:05 CMA CGM PAD-Service delivers first Zespri kiwifruits to the port of Zeebrugge