LNG CARRIERS History The first LNG carrier Methane Pioneer (dwt 5034 tons) left the Calcasieu River on the Louisiana Gulf coast on 25 January 1959. Carrying the world’s first ocean cargo of LNG‚ it sailed to the UK where the cargo was delivered. Subsequent expansion of that trade has brought on a large expansion of the fleet to today where giant LNG ships carrying up to 266‚000 m3 are sailing worldwide. At the end of 2005‚ a total of 203 vessels have been built‚ of which 193 are still in service
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Economics Final Paper The Impact of US Shale Gas Exploration on the global LNG tanker market Abstract The triggers for this study have been several articles prophesying a shale gas revolution in the LNG tanker business. Following that‚ the author seeks to assess the real prospects that can be drawn from US shale gas exploration and whether their impact is long- or short-lived. The LNG tanker market is a market highly specialized and sophisticated with some of the most complex and expensive
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switch to all liquefied natural gas (LNG) production to improve its economic feasibility‚ as well as a change of partners. A new agreement is now expected in autumn 2012 following the expiration of the original partners’ agreement in June. Most of it was transported to Europe via its extensive export pipeline infrastructure and a smaller amount (4.3 percent) via LNG tanker. Liquefied natural gas (LNG) According to NPD estimates‚ 2011 shipments of Norwegian LNG totaled an estimated 150 Bcf‚ up from
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When assessing the situation on the LNG tanker market‚ there is a need to look at several factors but probably the most important one is the Fukushima disaster in Japan from March 2011. The incident provided for a significant demand from Japan‚ who has increased its import of LNG to meet the internal demand for energy. Prior to the disaster‚ the import for 2010 was in the 73 mmt figures‚ whilst in 2011 the total import was just above 83 mmt (EIA‚ 2013). The demand is rising‚ especially because Japan
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4.0 CARRIER’S IMMUNITIES FROM UNSEAWORTHINESS OF SHIP According to Hague-Visby Rules‚ Article 1 (a)‚ carriers include owner or the charterer who enters into a contract of carriage with the shipper. The carrier will not be liable for losses or damage to cargo if it falls under any of the circumstances stated in the carrier’s immunities. First‚ in the Art IV rule 1 if the carriers exercises due diligence‚ immunities will be given only against latent defects that is not discoverable on a reasonable
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require the construction and operation of both onshore and offshore LNG terminals. Recently‚ several offshore LNG terminals have been proposed to increase LNG deliveries to market centers where onshore facilities cannot realistically be sited. The technologies and experience developed for offshore oil infrastructure and onshore LNG terminals can be applied to the development and operation of offshore LNG terminals. The proposed offshore LNG terminals benefit from the record of safety and reliability that
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Department of Management‚ School of Business DEREE-The American College of Greece Semester/Session and Year: Fall Semester2013 MG4226A1: Shipping Management and Operations First summative assessment: Major Written Project Level 6 Student ID: 10/30/2013 Examine the current trends in Shipbuilding and S&P activity. Explain the rationale behind these trends; evaluate them in the light of current conditions in the freight market and assess their impact. Table of Contents 2|Page
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premier integrated liquefied-natural gas (LNG) enterprises in the world. It is referred to in the paper as RasGas. It has enviable reputation in being safe as well as reliable LNG supplier. This company has transformed this regional resource into major component of global energy-mix. RasGas has a number of managers. It operates 7 LNG trains‚ two facilities of production of sales gas and two plants of helium and long-term charter-fleet of twenty seven LNG vessels. RasGas manages construction of Barzan
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CASE STUDY BASED ON ATLANTIC LNG COMPANY OF TRINIDAD AND TOBAGO INTRODUCTION & BACKGROUND What is LNG? Natural gas reserves can be found around the world. Gas may be found alone or in solution with oil in natural underground reservoirs. Natural gas is a naturally occurring gaseous mixture of hydrocarbon components and consists mainly of methane. The other constituents include ethane‚ propane and butane which are referred to as liquefied petroleum gases‚ and condensates which are heavier hydrocarbons
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1856‚ Australian inventor James Harrison‚ used ammonia on experimental basis but used ether in the equipment that was previously constructed. Then‚ in 1902‚ Willis Carrier‚ the “Father of Air-Conditioner” designed humidity control for a new air-cooling system and pioneered modern air conditioning. Willis Carrier also originated the carrier equation upon which the psychometric chart and all air conditioning is based. Later‚ in 1906‚ Stuart Cramer‚ engineer in North Carolina‚ invented a ventilating
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