Sign up
Log in Sign up
Fri 27 Jun 2014, 12:33 GMT

Tri-fuel LNG carriers ordered


Vessels are expected to be delivered in the second half of 2017.

Monaco-based GasLog Ltd. has today (June 27) announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co., Ltd. in South Korea. The vessels are expected to be delivered in the second half of 2017, and the deal represents GasLog’s first orders from the world’s largest shipbuilder.

The ships have been ordered with tri-fuel diesel electric (TFDE) propulsion with the option to change to two stroke diesel engines with low-pressure gas injection (LP-2S).

According to GasLog, the two vessels will have a boil off rate of 0.09% and relatively low fuel consumption and will be "amongst the most efficient vessels in existence and are therefore expected to be extremely attractive to potential charterers."

The delivered cost of the vessels will be in line with similar recent vessel orders, GasLog said.

In addition, GasLog confirmed that it has secured up to four additional priced options from Hyundai with delivery dates in late 2017 and early 2018.

GasLog stated that it will be looking to place the newly ordered vessels on long-term contracts to leading counter parties ahead of their delivery.

"These orders are the first vessels GasLog has ordered from Hyundai and we look forward to developing our relationship with Hyundai further," GasLog said.

GasLog is currently involved in an initiative, along with Hyundai, DNV GL and GTT, that aims to develop the next generation of LNG carriers. A link to further details about the initiative has been provided below:

http://www.dnvgl.com/news-events/news/dnv-gl-leads-new-lng-carrier-concept-project.aspx

Paul Wogan, Gaslog CEO, commented, "I am delighted that we have ordered two additional newbuildings. The vessels are scheduled to deliver in the second half 2017 at a time which we believe will be very favourable for LNG shipping as additional liquefaction capacity comes on stream. We will look to place these vessels on long-term contracts with first class counterparties and so further increase the pipeline of drop down candidates for GasLog Partners LP."

Deal   DNV   Electric   LNG   LNG carrier   Newbuild   Monaco 
Launching ceremony of Amor. LNG dual-fuel crude oil tankers launched for Maran and Capital Ship  

Two 155,500-DWT vessels launched by New Times Shipbuilding in China.
AiP award ceremony for hybrid electric LNG carrier design. LR, HHI and KSOE sign an AiP to advance hybrid electric LNG carrier design  

Partners to focus on system architecture, redundancy and battery integration for a 185,000-cbm vessel.
Bureau Veritas awards AiP to Kairong and MannTek. Bureau Veritas awards AiP to Kairong and MannTek for LNG bunkering crane system  

Integrated crane and bunkering system unveiled at Gastech 2026 in Bangkok.
AiP award ceremony for VLAC design. Bureau Veritas grants AiP to Jiangnan Shipyard's electric-propelled ammonia carrier concept  

VLAC design combines ammonia-fuelled power, fuel cells, battery storage and wind propulsion.
Closing ceremony of vessel with builder's hull no. 0208122. LNG dual-fuel container ship delivered to Eastern Pacific Shipping  

8,400-TEU vessel handed over in ceremony held at yard in Jingjiang.
ABS signs MoU with Korean organisations. ABS signs MOU with Korean organisations to develop standards for hydrogen ships and smart shipyards  

Five-year framework will target ISO standards for hydrogen vessels, smart shipyards and advanced manufacturing.
Viking Astrea vessel. Fincantieri launches Viking Astrea with liquid-hydrogen propulsion at Ancona shipyard  

54,300-gt cruise ship is designed for zero-emission operation using fuel cells.
Spirit of Toulouse vessel. Norsepower installs first rotor sail aboard methanol-powered ro-ro vessel built for Airbus charter  

The Spirit of Toulouse will carry six rotor sails alongside dual-fuel methanol engines on a transatlantic route.
Mercedes Pinto truck-to-ship (TTS) bunkering at S.C. de Tenerife. Baleària Canarias completes first truck-to-ship LNG bunkering for fast ferry at Tenerife  

Mercedes Pinto received around 600 MWh of LNG via two tanker trucks simultaneously.
O Bunkering logo. O Bunkering claims 15-minute marine lubricant delivery at Duqm  

Omani supplier says local stock enables rapid turnaround for vessel operators.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended