• 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.




2018 August 20

11:07 Port of Vyborg volumes in first seven months rose 28% to 970,000 tonnes
10:57 Golden Ocean announces Q2 2018 results
10:17 Crude oil futures prices edge down to $71.61 in London, in New York to $64.95
10:03 Baltic Dry Index gains to 1723 points
10:03 Port of Everett breaks ground on $36 mln South Terminal Wharf Modernization Project
09:57 Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data
09:36 Box traffic at busiest Chinese ports in Jan-Jul rose 4.1% to 5.36 billion tons
09:28 Port of Hong Kong seven-month box volumes drop 4.4% to 11,5 million TEUs
08:44 Kongsberg Maritime wins contracts for nine hybrid Ro-Ro vessels

2018 August 19

08:19 CMA CGM announces GRR from UAE to East Africa
08:14 Maersk Line introduces Peak Season Surcharge – Scope World to Apapa, Nigeria and Tin Can Island Port, Nigeria
08:12 CMA CGM announces GRR from India to East Africa
08:07 Maersk Line increases rates from Middle East & Indian sub-continent to North America

2018 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk