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LNG Bunkering

China: GTT and CSSC to cooperate on LNG shipping solutions

GTT and subsidiaries of the CSSC conglomerate will cooperate notably in ship design and construction, cryogenic containment technologies for LNG shipping, LNG as bunker fuel and smart shipping solutions.

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China: GTT and CSSC to cooperate on LNG shipping solutions

Engineering firm GTT (Gaztransport and Technigaz) on Thursday (7 December) announced the signing of a strategic cooperation agreement with China State Shipbuilding Corporation Limited (CSSC) at the opening ceremony of the Marintec China international trade fair.

The agreement provides for cooperation between GTT and twelve subsidiaries of the CSSC conglomerate, notably in ship design and construction, cryogenic containment technologies for LNG shipping, LNG as fuel and smart shipping solutions.

The two parties aim to develop and market competitive LNG tank solutions with GTT technologies, for all types of vessels, including LNG-propelled container ships, bulk carriers, oil tankers and Pure Car and Truck Carriers. 

The cooperation between the two groups is also aimed at the optimisation of the engineering of LNG carriers, particularly on capacities ranging from 175,000 m³ to 270,000 m³, but also of the latest generation VLEC and offshore platforms (FLNG and FSRU).

Philippe Berterottière, Chairman and CEO of GTT, said: "This cooperation agreement with CSSC marks an important step in our development strategy in China. Together, we will explore opportunities for innovation and strengthen our position in a constantly evolving maritime sector."

Hudong-Zhonghua Shipbuilding Co., Jiangnan Shipyard Co., Dalian Shipbuilding Industry Co., and Shanghai Waigaoqiao Shipbuilding Co. are among the subsidiaries of the CSSC group authorised to construct GTT technologies under Technical Assistance and License Agreements (TALA).

Photo credit: GTT
Published: 12 December, 2023

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Business

Shell signs deal to acquire Singapore-based Pavilion Energy

‘Acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio,’ says Zoë Yujnovich of Shell.

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Pavilion Energy

Shell Eastern Trading, a subsidiary of Shell plc, on Tuesday (18 June) said it reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Singapore-based LNG bunker provider Pavilion Energy. 

Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).

Headquartered in Singapore, Pavilion Energy’s global energy business encompasses LNG trading, shipping, natural gas supply and marketing activities in Asia and Europe.

“The acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. 

“We will acquire Pavilion’s portfolio of LNG offtake and supply contracts, which includes additional access to strategic gas markets in Asia and Europe. By integrating these into Shell’s global LNG portfolio, Shell is strongly positioned to deliver value from this transaction while helping to meet the energy security needs of our customers.”

The acquisition will be absorbed within Shell’s cash capital expenditure guidance, which remains unchanged. The deal is in excess of the internal rate of return (IRR) hurdle rate for Shell’s Integrated Gas business, delivering on its 15-25% growth ambition for purchased volumes, relative to 2022, as outlined during the 2023 Capital Markets Day.

Integration of portfolios will commence after completion of the deal, which is expected by Q1 2025, subject to regulatory approvals and fulfilment of other conditions precedent.

 

Photo credit: Pavilion Energy
Published: 19 June 2024

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LNG Bunkering

Mitsubishi Shipbuilding launches LNG-fuelled Ro-Ro vessel “Trans Harmony Green”

Ship’s main engine and main generator engine are high-performance dual-fuel engines each accommodating LNG or diesel fuel.

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Mitsubishi Shipbuilding launches LNG-fuelled Ro-Ro vessel “Trans Harmony Green”

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, Friday (7 June) held a christening and launch ceremony for the TRANS HARMONY GREEN, the first of two LNG-powered roll-on/roll-off (RO/RO) ships under construction for Toyofuji Shipping Co., Ltd. 

The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. 

The ship's handover is scheduled for late January 2025 following completion of outfitting work and sea trials. The TRANS HARMONY GREEN will serve as a RO/RO vessel on shipping routes in Asia.

Trans Harmony Green vessel

The TRANS HARMONY GREEN is approximately 195 metres in overall length, approximately 30.6 metres in breadth, and has gross tonnage of approximately 49,500. It can simultaneously transport about 3,000 passenger cars. 

The ship's main engine and main generator engine are high-performance dual-fuel engines each accommodating LNG or diesel fuel. 

Together these engines enable a greater than 25% reduction in CO2 emissions compared to ships with the same hull and powered by fuel oil, cutting SOx (sulphur oxides) emissions to near zero, thereby helping to reduce the vessel's environmental footprint.

 

Photo credit: Mitsubishi Shipbuilding
Published: 10 June, 2024

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LNG Bunkering

Mitsubishi Shipbuilding to supply LNG fuel gas supply systems units to Imabari Shipbuilding

Mitsubishi Shipbuilding received an order from Imabari Shipbuilding for two additional units of its FGSS, a LNG fuel gas supply system for high-pressure dual-fuel marine engines.

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Mitsubishi Shipbuilding to supply LNG fuel gas supply systems units to Imabari Shipbuilding

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, on Wednesday (5 June) said it has received an order from Imabari Shipbuilding for two additional units of its Fuel Gas Supply System (FGSS), a liquefied natural gas (LNG) fuel gas supply system for high-pressure dual-fuel marine engines. 

The FGSS units for two LNG-fuelled bulk carriers to be built by Imabari Shipbuilding will be continuously delivered with LNG fuel tanks from summer 2025.

LNG fuel tank

LNG fuel tank

Mitsubishi Shipbuilding previously received orders for a total of 18 high-pressure FGSS units, including units for SWEET PEA LEADER and DAISY LEADER, both of which are LNG-fuelled car carriers built by Imabari Shipbuilding Group and have already entered into service respectively in October 2023 and in March 2024. 

The FGSS ordered by Imabari Shipbuilding features an optimised cargo space layout utilising a modular design for space-saving and maintenance access, shortened construction schedule at shipyards, and a proprietary control system that can be customised according to customer needs, contributing to both operability and safety. 

With this additional order, Mitsubishi Shipbuilding will supply a total 20 units (15 car carriers and 5 bulk carriers) to Imabari Shipbuilding Group.

“Mitsubishi Shipbuilding, as part of MHI Group's strategic initiatives for energy transition, will provide FGSS units to a broad range of customers involved in the construction of LNG-fuelled vessels, enhancing the added value and competitiveness of ships,” it said on its website. 

 

Photo credit: Mitsubishi Shipbuilding
Published: 7 June 2024

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