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LNG Bunkering

Carnival Corporation welcomes LNG-fuelled AIDAnova to fleet

‘AIDAnova is a milestone for our company and the entire cruise industry,’ says CEO of Costa Group.

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New York-listed Carnival Corporation & plc welcomed AIDA Cruises' new AIDAnova into its fleet on Wednesday as the world's first cruise vessel to be powered at sea and in port by liquefied natural gas (LNG).

AIDAnova is a milestone for our company and the entire cruise industry,” said Michael Thamm, group CEO of Carnival Corporation's Costa Group – which includes AIDA Cruises and Costa Cruises – and Carnival Asia.

“With Carnival Corporation pioneering LNG technology, we start a new era of environmentally friendly cruising. It's important now that the respective infrastructure will be further developed as more and more cruise lines are following our example.”

AIDA Cruises began investing in LNG as a propulsion technology more than 10 years ago, said Carnival Corporation.

The AIDAnova is Carnival Corporation's fourth new ship of 2018; in 2021 and 2023 two additional ships from the new AIDA Cruises generation of vessels will join the AIDA fleet, in addition to new LNG-powered ships on order for Costa Cruises, P&O Cruises in the UK, and Carnival Cruise Line and Princess Cruises in the U.S.

In total, following the launch of AIDAnova, Carnival Corporation has an additional 10 next-generation "green" cruise ships on order that will be powered by LNG in port and at sea, with expected delivery dates between 2019 and 2025.

Related: AIDAnova crew undergo LNG bunker training
Related: Carnival Corporation orders LNG-fuelled cruise newbuild

Photo credit: Carnival Corporation
Published: 13 December, 2018

 

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LNG Bunkering

Platts launches East China LNG bunker assessment, effective 2 October

Assessment reflects the prevailing spot price of LNG bunkers transacted in ports in East China, with a basis of Shanghai; deliveries into other ports including Zhoushan and Ningbo are also considered.

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Platts, part of S&P Global Commodity Insights, has launched a daily LNG bunker fuel price assessment, reflecting the value of LNG used as a marine fuel in East China, effective Monday (2 October).

The assessment reflects the prevailing spot price of LNG bunkers transacted in ports in East China, with a basis of Shanghai.

Deliveries into other ports in East China including Zhoushan and Ningbo are also considered and may be normalised to the above-mentioned basis.

The new assessment is published on a fixed price delivered basis in $/MMBtu.

A conversion to $/metric ton of LNG is also published from the MMBtu assessment using a factor of 52.

The assessment reflects barge-to-ship delivery.

Platts takes into consideration truck-to-ship price information and normalises this where appropriate to a barge-to-ship equivalent price.

The assessment reflects bunker deliveries of at least 1,000 cu m for 7-20 days ahead.

Pricing information for LNG bunker deliveries with other specifications and terms may be normalised to the proposed standard.

Platts converts floating prices, or index-linked prices, to a fixed price equivalent for consideration in the final assessment.

The assessments reflect market value at the close of Singapore trade at 4:30 pm Singapore time and follow the Singapore publishing schedule.

The assessment is published in Platts LNG Daily, Bunkerwire and Platts LNG Alert pages LNG0860 and LNG0861 under the following price database codes:

Screenshot 2023 10 03 at 9.52.28 AM

Photo credit: Letian Zhang on Unsplash
Published: 3 October, 2023

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Alternative Fuels

Seapath, Pilot LNG launch JV to develop dedicated LNG bunkering facility in US Gulf Coast

With operations beginning in early 2026, the construction of the new facility will provide bunker fuel for LNG-powered vessels in the greater Houston/ Galveston area of Texas.

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Seapath, Pilot LNG launch JV to develop dedicated LNG bunkering facility in US Gulf Coast

Libra Group maritime subsidiary Seapath and Houston-based clean energy solutions company Pilot LNG, LLC (Pilot) on Thursday (28 September) announced they have formed a joint venture (JV) to develop, construct, and operate the first liquefied natural gas (LNG) bunkering facility in the U.S. Gulf Coast.

With operations beginning in early 2026, the construction of the new facility will provide bunker fuel for LNG-powered vessels in the greater Houston/ Galveston area of Texas.

The project, which will be developed with an initial investment of approximately USD 150 million, meets the needs of a vital global and U.S. trade corridor. According to the Greater Houston Partnership, the Greater Houston waterways generated over USD 906 billion in economic value to the U.S. in 2022. 

In addition, a 2023 U.S. Department of Transportation report recognised the Greater Houston area as the top US port by tonnage.

While LNG bunkering infrastructure has been developing overseas, U.S. infrastructure supporting its uptake has developed slower. Pilot and Seapath’s LNG bunkering facility will use their combined expertise to serve essential U.S. Gulf Coast port complexes, including servicing major cruise lines and container vessel operators.

Led by LNG industry veterans with extensive experience on the terminal and marine side, Pilot LNG is committed to delivering LNG to new and existing U.S. markets, including fuel/bunkering terminals and related infrastructure. This is the first in a series of strategic investments by Seapath and Pilot to create a network of LNG facilities in areas of unmet need in the U.S.

“Seapath is dedicated to investing across the marine infrastructure space and will provide strong financial backing to Pilot’s LNG bunker projects,” said Jonathan Cook, CEO of Pilot. 

“We look forward to working closely with Seapath to support the gradual decarbonization of the marine industry. We look forward to delivering a U.S. Gulf Coast facility in a timely manner based on the extensive development work already completed to meet the significant needs for LNG fuel, which also supports ongoing decarbonization across the industry.”

A U.S. company led by Merchant Mariners and former service members, Seapath was formed recognizing the need for critical investments in the U.S. maritime economy. The company plans to continue investing in innovative projects within maritime connectivity, industrial technologies, port real estate, and Jones Act vessels.

“The infrastructure under development will provide LNG to a growing market seeking cleaner marine fuel, particularly as customers look for economical ways to comply with tightening emissions regulations, including regulations set by the IMO in 2020,” said Seapath CEO Greg Otto.  

“We are pleased to be working with a first-class team in Pilot LNG and with some of the leading ports in the United States to bring this critical LNG bunkering infrastructure to the Gulf Coast region where there is high demand for it. Thanks to our valuable partnership with Pilot, we look forward to developing more of these much-needed facilities in ports across the United States.”

Seapath is one of 30 operational entities of Libra Group, a privately owned business group whose subsidiaries own and operate assets in nearly 60 countries with six business sectors, including maritime and renewable energy. The Group’s three maritime subsidiaries include Lomar Shipping, a global shipping company with a fleet of more than 40 vessels, and Americraft Marine, which owns and operates a Jones Act Shipyard in Palatka, Florida. Significantly, the shipyard is among the few in the U.S. to construct crew transfer vessels to service the growing offshore-wind industry and traditional inland-marine assets such as tugboats and barges.

“Libra Group is committed to advancing innovation across our sectors, from maritime to aerospace, to renewable energy and more. As a global organization, we will harness insights from across our network to bolster the uptake of more sustainable technologies to advance our sectors while identifying potential applications across our other sectors,” said Manos Kouligkas, CEO of Libra Group.

“Adoption of more sustainable fuels is critical to future-proofing our industries against a rapidly changing ecosystem. We will continue to support the transition to greener energy solutions, and we look forward to following Seapath’s work to evolve the U.S. maritime industrial sector.”

Pilot and Seapath will continue with all front-end engineering and design development for their projects in the third and fourth quarters of 2023 to file applications with the necessary federal and state agencies to permit, site, construct and operate the small-scale LNG terminal for marine fuel. Pilot and Seapath anticipate announcing details of their project investment by the second half of 2024.

Photo credit: Libra Group
Published: 29 September, 2023

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LNG Bunkering

Shell achieves milestone with first LNG bunkering of cruise ship in Gibraltar

Operation was also the Port of Gibraltar’s first ‘in-port’ bunkering, highlighting Shell’s commitment to develop Gibraltar as a key LNG bunkering hub, says Tahir Faruqui of Shell.

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Shell achieves milestone with first LNG bunkering of cruise ship in Gibraltar

Global energy company Shell on Wednesday (26 September) said it conducted Port of Gibraltar’s first LNG bunkering operation of a cruise ship. 

The firm bunkered Silversea Cruises’ ship Silver Nova with LNG bunker fuel in the port on 24 September. 

“Notably, this operation was also the Port of Gibraltar's first 'in-port' bunkering, highlighting Shell's commitment to develop Gibraltar as a key LNG bunkering hub, offering bunkering services both within the port and at the anchorage,” Tahir Faruqui, Global Head of Shell Downstream LNG, said in a social media post.

“The close collaboration between Royal Caribbean Group, Anthony Veder, the Gibraltar Port Authority (GPA), and Shell ensured a safe and successful bunkering. A big thank you to all the teams involved,” he added. 

Photo credit: Shell 
Published: 27 September, 2023

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