• 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 June 18

14:13 Navios Maritime Containers announces acquisition of five containers hips and options to acquire four additional containerships
13:35 Maersk launches a new line to the Middle East from Fos
13:00 Aker Arctic demonstrates autonomous vessel in model tests
12:36 ABB to improve Edda Fides floating hotel safety with leading digital technology
11:47 Freeport of Riga Authority and Port of Rotterdam Authority sign cooperation agreement
11:24 Port of Tallinn signs MoU with the City of Tallinn for development of the Old City Harbour area
11:01 Dorian LPG Board declines BW LPG'S unsolicited proposal
10:25 Brent Crude futures price down 0.76% to $72.88, Light Sweet Crude – down 1.73% to $63.73
10:12 Capital Product Partners L.P. announces new period charters for four of its product tankers
10:03 Port of Silloth invests £250,000 in new solar farm on Marshall Dock
09:41 Fishers fatalities give impetus to fishing vessel safety work
09:18 Baltic Dry Index up to 1,445 points

2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)
16:33 Long Beach Harbor Commissioners adopt port budget
16:16 Rosmorport announces tender for dredging works in water area of port Vanino
16:03 Prosafe extends standstill agreement with Cosco
15:50 Vyborg Shipyard to deliver two 22 MW icebreakers of Project IBSV01 by November’18
15:32 Huisman and RAMLAB start project for the production of 3D large offshore crane hook
15:19 FESCO fleet began supplying of goods to northern Russia
15:02 HMM, Evergreen and APL launch China-Australia express service
14:32 Keppel delivers second rig to Borr Drilling
14:20 Commercial Sea Port of Ust-Luga accepted and handled a Panamax ship
14:02 MOL's newbuilding coal carrier OI MARU to serve JERA Trading
13:47 Global fuel market is waiting for some clarity from the Vienna meeting next week, expert says
13:46 Three nuclear-powered icebreakers of Project 22220 will be delivered by 2021 – USC