• 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.




2020 March 28

15:13 Belov Engenharia Ltda to operate Robert Allan designed DSV for Petrobras
13:42 Valaris received a termination notice for the drilling contract for VALARIS DS-8
12:47 SCHOTTEL wins propulsion contract to equip U.S. Navy vessels
11:31 VT Halter Marine to execrise an option for forth APL(S)
10:53 USCG Cutter Polar Star returns home from Operation Deep Freeze 2020

2020 March 27

18:37 Kim Heng Marine & Oilfield incorporates JV Bridgewater Marine (Taiwan)
18:14 Port of Antwerp Covid-19 Taskforce: supply chains still working
17:52 Oboronlogistics delivers materials and equipment for construction of medical center in Kaliningrad Region
17:29 Exercise involving three frigates of RF Navy’s Black Sea Fleet took place in Mediterranean Sea
17:05 Philippine Ports Authority imposes entry protocol in offices, ports in fight against COVID-19
16:43 Admiralteiskie Verfi launches lead freezing trawler of Project СТ-192 built for Russian Fishery Company
16:21 Arthur Sedov appointed as Managing Director of Rosterminalugol
16:05 Cosco Shipping Ports announces full year results for 2019
15:58 Gazpromneft Ocean marine oils are available in South Korea
15:44 The world's most powerful semi-submersible crane vessel receives the largest LNG bunkering in the Port of Rotterdam
15:27 Navigation on middle Volga and Volga-Baltic Canal to be opened ahead of schedule
15:04 Maritime and Port Authority of Singapore to provide economic relief to passenger vessel owners and operators
14:40 Severnaya Verf lays down fifth processing trawler of Project 170701 ordered by NOREBO Group
14:16 VPower Group is new distributor for Rolls-Royce’s MTU solutions in China
13:55 Russia’s foreign trade cargo to be completely redirected to domestic ports by 2022-2023 - Rosmorrechflot
13:06 Russian bunkering market meets demand for low-sulphur fuel – RF Transport Ministry
12:28 Port of Gdansk is fully operational
11:33 Rosmorport's Arkhangelsk Branch takes measures to prevent COVID-2019 spread
11:09 Diana Shipping announces time charter contract for m/v P. S. Palios with C Transport
10:35 MABUX: Bunker market this morning, Mar 27
10:32 69th navigation season opened in Volga-Don Basin of inland water ways
10:09 Fincantieri extends work stoppage in all its Military and Cruise Vessels production plants and offices from March 30th
09:54 Brent Crude futures price is up 0.68% to $26.52, Light Sweet Crude – up 1.86% to $23.02
09:39 Launching ceremony held for lead shallow-draft dry cargo barge of Project RDB20
09:20 Synergy Group calls for collective action on shipping’s coronavirus crewing crisis
09:11 Baltic Dry Index is down to 569 points

2020 March 26

18:36 MHI-MME first receives MET-MBII turbochargers first order
18:05 DNV GL’s remote surveys surge with 15,000 completed since launch
17:50 IAPH welcomes new member port from Canada
17:36 CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash
17:16 Höegh LNG announces amendment and restatement of the FSRU Independence debt facility and a new interim LNGC timecharter
17:05 OOCL announces additional withdrawal of Trans-Pacific sailings in April 2020
16:43 RF Government approves Transport Strategy till 2035
16:28 Measures introduced for Nevsky Shipyard staff to prevent spread of Covid -19
16:24 Customised Wärtsilä ship design chosen for two new P&O ships
16:20 MAN Cryo develops liquefied methane terminal in Swedish port city Oxelösund
16:05 COSCO SHIPPING Ports announces FY2019 results
15:37 PDP Institute of Admiral Makarov SUMIS undertakes measures to prevent spread of Covid-19
15:30 APM Terminals issues North America COVID-19 update
15:15 World Maritime University and International Union of Marine Insurance sign Memorandum of Understanding
14:52 North Sea Port takes further action to keep port operational along Ghent and Zealand side
14:13 Delo Group is to consolidate 99.6% of PJSC TransContainer
13:44 Bunker prices continue going down at the Far East ports of Russia (graph)
13:21 Expansion of infrastructure for coal exports via port of Vysotsk approved by Glavgosexpertiza
12:48 Blagoveshchensk shipyard named after October Revolution laid down yet another hydrographic ship of Project 19910
12:10 BC Ferries announces fuel rebate
11:29 Murmansk Commercial Seaport completed construction of wind and dust barriers
11:00 Busan Port cooperates with the government, operators and workers to prevent COVID-19 infection
10:52 Panama Canal adopts measures to guarantee sustained operations amid COVID-19
10:38 Ministry of Transport and Communications of Finland to amend decrees on road ferries, manning of ships and certification of seafarers
10:16 MABUX: Bunker market this morning, Mar 26
10:04 Finnpilot reports on its preparation for COVID-19
09:41 Tallink Grupp Supervisory Board members waive remuneration
09:23 Brent Crude futures price is down 0.62% to $27.22, Light Sweet Crude – down 1.51% to $24.12
09:09 Baltic Dry Index is down to 582 points