• 2019 September 19 14:09

    ABS announces LNG Cargo Ready notation for ethane carriers at Gastech 2019

    ABS launched the industry’s first LNG Cargo Ready notation, at Gastech 2019. The development was announced at a joint event with GTT, highlighting progress towards delivering “LNG Cargo Ready” ethane carriers.

    The ABS LNG Cargo Ready notation confirms that an ethane carrier is capable of future modification to trade LNG cargoes. ABS is the first classification society to develop requirements and notations for ethane carriers that assist in assessing the level of LNG cargo readiness. The notation identifies potential barriers and assesses LNG capability of equipment and systems installed on the Very Large Ethane Carriers (VLEC).

    “As a global leader in gas, ABS is working with innovative companies all over the world to advance the industry and deliver efficiencies for our clients,” said ABS Vice President for Global Gas Solutions, Patrick Janssens. “Our work to make the next generation of ethane carriers more flexible and better able to adapt to developments in the international markets, underscores our focus on developing solutions that respond to the challenges faced by owners, charterers and operators while ushering in new concepts and fostering the latest technologies.”

    “We are continuously developing solutions for the industry in order to provide more flexibility to ship-owners and charterers, while remaining competitive without making any compromise on safety. We are glad to take this initiative with ABS by offering LNG cargo as an option for Ethane shippers and notably for one of our clients that recently ordered six second generation VLECs,” said Philippe Berterottière, Chairman and CEO of GTT.

    “With the expected flurry of new orders for VLECs, the industry is looking for ways to de-risk project investments. One of the most viable options is to ensure newer VLECs can be used for transportation of LNG in the future. The ship owners and investors require the necessary information in evaluating the capital risk to assess the need for additional future investments needed to “upgrade” the asset to carry LNG instead of ethane,” said Aditya Aggarwal, ABS Director, Global Gas Development

    ABS provides industry leadership, offering guidance in LNG floating structures and systems, gas fuel systems and equipment, gas carriers, and regulatory and statutory requirements. ABS has extensive experience with the full scope of gas-related assets and has been the classification society of choice for some of the most advanced gas carriers in service.

    “The LNG readiness for VLEC is a promising way to overcome financial hurdles that stakeholders are facing on the nascent Ethane shipping, and it is achievable at marginal cost,” said Adnan Ezzarhouni, General Manager of GTT China.
     
    About ABS

    ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
     
    About GTT

    GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, shipowners, gas companies, terminal operators, classification societies). The company designs and provides technologies which combine operational efficiency and safety, to equip LNG carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.




2020 April 10

09:19 Port of Gothenburg works at full capacity, despite the Coronavirus crisis
09:10 Baltic Dry Index is up to 635 points
08:16 Sino-Global to acquire majority stake in Mandarine Ocean

2020 April 9

18:27 Port of Los Angeles container volumes down 30.9% to 449,568 TEU in March 2020
18:07 ECSA thanks the European Commission for the guidelines on seafarers, passengers and other persons on board ships
18:01 Port of Ventspils (Latvia) handled 3.7 million tonnes in 3M’2020, down 42% YoY
17:35 Tianjin Port Group and Hebei Port Group sign an agreement
17:17 Ministry of Industry and Trade to analyze ship designs for using shipboard equipment of Russian origin
17:05 North P&I Club supports new digital COVID-19 tool from International Group
16:35 COVID-19: CMA CGM launches the BUSINESS CONTINUITY PACK
16:20 Port of Liepaja (Latvia) handled 1.58 million tonnes of cargo in 3M’2020, down 16.3 % Y-o-Y
16:05 Port of Gothenburg offers inland storage of imported goods
15:35 Port of Hamburg container transport by inland waterway up 13 percent to 145,078 TEU in 2019
15:22 Throughput of Taganrog port in 3M’2020 grew by 20% to 780,000 tonnes
15:04 ABS is first in industry to accept 3D models for class surveys
14:26 Novotrans handled first batch of export grain in the port of Ust-Luga
13:37 International Bunker Conference IBC 2020 postponed due to COVID-19
13:17 ABP increases capacity to store refrigerated containers at the Port of Hull
12:53 ABP continue to deliver operational continuity for customers
12:29 Bunker prices are flat at the Far East ports of Russia (graph)
11:30 Construction of innovative training vessel STC Group begins
11:04 Stena Line plans to close the Trelleborg-Sassnitz route
10:28 ABB brings fuel cell technology a step closer to powering large ships
10:18 New restrictions on border crossings in Finland - effects on Finnlines’ passenger services
09:54 Delo Group paid almost 60 billion rubles to PJSC TransContainer minority shareholders as part of the repurchase of 49.6410% shares
09:47 MABUX: Bunker market this morning, Apr 09
09:35 Sovcomflot’s Board of Directors acknowledges Group’s performance in 2019
09:17 Baltic Dry Index is up to 607 points

2020 April 8

18:36 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea and East Med to the Middle East Gulf & Red Sea
18:06 The Maritime Union of Australia condemn Government for treatment of cruise ship crews
17:36 Estimated March imports at major U.S. retail container ports hit five-year low, declines expected to continue amid pandemic
17:05 PD Ports continues investment in environmentally sustainable technology
16:36 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea & East Med to Far East
16:35 SCHOTTEL EcoPeller deployed in modernization project for first time
16:13 Port of Tallinn reports its 2020 Q1 passenger and cargo flows
16:05 Gimi receives force majeure claim for FLNG from BP Mauritania
15:44 Allseas wins removal contract for multiple North Sea installations
15:40 KMG Inseneriehituse AS to build bridge for Port of Tallinn
15:04 THE Alliance announces COVID-19 response measures for May and June 2020
14:36 Vyborg Shipyard holds steel cutting ceremony for trawler of Project KMT02
14:02 The Kings of Spain check the maintenance of the supply chain in the port of Valencia
13:43 Lotos shipyard to build four dredgers for Russia’s inland water ways
13:21 Port Kolomna signs agreement with RF Ministry of Industry and Trade for ship srapping grant
13:02 North Carolina Ports completes Turning Basin Expansion Project at the Port of Wilmington
12:42 Shipping credit outlook revised to negative: cash crunch worsens as Covid-19 disrupts trade
12:05 Inland terminals at the Port of Hamburg hit by the corona crises differently
11:30 IAPH Tokyo secretariat transited to remote work from home
11:05 SAFEEN acquires its largest service vessel to date
11:02 BC Ferries adjusted service levels due to Covid-19 pandemic
10:39 ABB increases remote support for ships to help customers during the COVID-19 outbreak
10:38 Port of Gdansk actively supports fight against coronavirus
10:16 Tallink Grupp’s vessels Megastar, Galaxy and Baltic Princess suspend passenger transport to Finland
09:53 MABUX: Bunker market this morning, Apr 08
09:40 Bunker prices start going up at the port of Saint-Petersburg, Russia
09:19 Baltic Dry Index is down to 596 points
08:47 Golden Ocean announces appointment of Ulrik Uhrenfeldt Andersen as CEO

2020 April 7

18:38 RF Government makes big decision to quit transshipment of NOVATEK’s LNG in Norway
17:27 BashVolgotanker opens navigation with first tanker leaving Samara for Kavkaz
17:03 IADC moves its seminar and course to 2nd half of 2020
16:49 RF Navy’s oceanographic research vessel "Admiral Vladimirsky" arrived in the Durville Sea