Op-ed Discusses Bradwood Landing Meeting
Posted on Aug 29, 2006 in Regas Terminals & Capacity, State and Local Issues, Vessel Transportation | Comments Off on Op-ed Discusses Bradwood Landing Meeting
According to an Oregon resident, the Oregon Department of Transportation stated at an August 3 meeting on Bradwood Landing that the Astoria Bridge would remain open while LNG vessels traveled to the terminal. The Daily Astorian carries the opinion piece, which praises the meeting and notes the “historical safety of LNG...
ABS Chairman Urges Maine to Develop LNG Market
Posted on Aug 21, 2006 in Regas Terminals & Capacity, Safety & Security, State and Local Issues, Vessel Transportation | Comments Off on ABS Chairman Urges Maine to Develop LNG Market
The Chairman of the American Bureau of Shipping believes that Maine’s position in the international marketplace would be enhanced by the development of LNG import terminals. Speaking at a conference at the Maine Maritime Academy, Bob Somerville emphasized the need for Maine to play an expanded role in the regional LNG industry and highlighted the impressive global safety record...
Crew With LNG Experience Still in Demand
Posted on Aug 21, 2006 in LNGLawBlog, Markets and Competition, Vessel Transportation | Comments Off on Crew With LNG Experience Still in Demand
Today’s Lloyd’s List reports that, according to Norwegian shipbroker Lorentzen & Stemoco, the global increase in LNG trade may require an additional 4,000 LNG vessel officers by 2010. “As shipowners attempt to lure officers away from their present employers, spiralling wages” could combine with other shortages to “hamper the growth in the LNG...
Excelerate Energy Cargos May Remain on Board Vessels Long-Term
Posted on Aug 17, 2006 in Markets and Competition, Regas Terminals & Capacity, Vessel Transportation | Comments Off on Excelerate Energy Cargos May Remain on Board Vessels Long-Term
Excelerate Energy has begun to employ an unconventional strategy in order to capitalize on seasonal LNG market trends. As an alternative to rushing LNG shipments to specific destinations to minimize transport costs resulting from boil-off, cargoes may remain on board vessels for potentially six months or longer to take advantage of more favorable gas prices in peak months. Details of...
Suez Official Says Vessel Speed Limit May Impact LNG Shipments
Posted on Aug 15, 2006 in Vessel Transportation | Comments Off on Suez Official Says Vessel Speed Limit May Impact LNG Shipments
A proposal by the National Marine Fisheries Service to reduce the speed limit to 10 knots for vessels transiting near portions of the East Coast inhabited by North Atlantic right whales may negatively impact LNG shipments, according to Joseph McKechnie, vice president of shipping for Suez LNG. McKechnie favors a higher speed limit because LNG vessels are more maneuverable at greater...
Surplus in LNG Tanker Capacity Expected to Peak in 2008
Posted on Aug 3, 2006 in Markets and Competition, Vessel Transportation | Comments Off on Surplus in LNG Tanker Capacity Expected to Peak in 2008
Industry analysts say that advance orders for LNG tankers will lead to significant excess capacity. According to a report by Royal Gazette, only 77.4 percent of available tanker capacity will be used in 2008, a usage rate that is 13 percent lower than reported at the beginning of the decade. Analysts also attribute the capacity surplus to greater productivity in the existing fleet. The...