New switch to LNG ship could herald Bunker
Norwegian-based Skaugen Group (IMSK)has named the first ship in its new series of Multigas carriers, the Norgas Innovation, in a ceremony at the Skaugen JV Shenghui Gas & Chemical Systems’ facilities in Zhangjiagang, north of Shanghai, China. The company believes the ships,
which can carry relatively small parcels of LNG to dispersed terminals
could pave the way to LNG becoming a practical marine fuel. Skaugen CEO
Morits Skaugen said: “This is an important day for everybody at the
company and especially for those concerned in the development of these
highly advanced gas carriers. We have been responsible for all elements
in this project – from initial design right through to construction.
The vessel is built at our joint venture facilities in China – and I am
delighted that the first of these unique and highly specialized gas
carriers will soon be demonstrating first-hand why we decided to
construct such an innovative, industry-leading ship.” The 10,000 cu m
Norgas Innovation will initially enter the fleet of Skaugen subsidiary
Norgas Carriers and carry petrochemical gases and LPG. But, second half
of 2010, she will be dedicated to Nordic LNG and its Mini LNG business
in Scandinavia. Nordic LNG – a joint venture between Lyse and I.M.
Skaugen – will supply natural gas to ’stranded’ customers who do not
have access to pipeline networks. The Multigas vessel will be used to
transport the LNG directly industrial to end-users as well as to Nordic
LNG’s own hub terminals for onward distribution. Skaugen says: “End
user markets include also the maritime fuel market, where LNG will
replace bunker oils.” The company says: “Small-scale LNG will enable
industrial users and power plants in these stranded markets to switch
from oil based processes and power generation to more cost efficient
gas and with a significant reduction of CO2 and other emissions. The
environmental impact of switching to gas are indisputable; 25-30% less
CO2 emission, 80% less NOx and 100% reduction of both SOx and
particulate matters.”Source: Maritime Global Net
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A naming ceremony was held November 15 at Shenghui Gas & Chemical Systems in Zhangjiagang, Jiangsu Province, China, for the world’s first LNG/ LPG/Ethylene carrier “Norgas Innovation”.
The I.M. Skaugen Group (IMSK) yesterday named the first ship in its new series of Multigas carriers, the Norgas Innovation, in a ceremony at the Skaugen JV Shenghui Gas & Chemical Systems’ facilities in Zhangjiagang, north of Shanghai, China. At the ceremony, Morits Skaugen, CEO of I.M
IM Skaugen (IMSK) reported a pre-tax result of a negative $8.6 mill in 1Q10, compared to $1.5 mill for the 1H09.
Nordic American Tanker Shipping Ltd. (the “Company”) yesterday took delivery of the suezmax vessel that the Company agreed to acquire in early October 2009. The double hull suezmax vessel has been named Nordic Mistral.
The Qatar Petrochemical Company (Qapco) and Norwegian shipping company Norgas have signed a Contract Of Affreightment (COA) for the transportation of ethylene from Mesaieed to various international destinations in the year 2010. The agreement was reached as part of visionary directions ofH E Abdulla bin Hamad Al Attiyah, Deputy
Clipper Group, the Copenhagen based Bahamas company, is expected to take control of Nordic Tankers. The company is acquiring a 30 pct. stake in the Copenhagen-listed company, daily Borsen reported on Friday
The agreement on Nordic Tankers A/S’ acquisition of parts of the chemical tanker operations of Clipper Group A/S has now been completed.
Wall Street analysts right now don’t like Nordic American Tanker. Of the 12 professionals covering the stock, five rate it a “hold” and seven say it’s a “buy.” Not one among them thinks that NAT’s worth buying
SINGAPORE, April 21 /PRNewswire/ — Commencing 1 June 2010 it is the intention that, Nordic Tankers and WOMAR will start marketing each others’ coated chemical tankers in the range of 10,000 to 17,000 deadweight tonnes (dwt) in their individual areas of primary marketing strength. The Letter of Intent is subject
Global engineering group, Cavotec MSL, has successfully completed commissioning of Scandinaviaâ??s first fully automated vacuum-based mooring system, MoorMasterâ?¢, with Danish ferry operator Nordic Ferry Services (NFS). Read at First Cavotec MoorMastersâ?¢ in Scandinavia enter service with Nordic Ferry Services
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