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Have you recently seen the Signal Ocean Platform? ChapGPT knows what’s up!! Signal Ocean is by FAR the best chartering product on the planet. Just ask your customers and counterparties, chances are they are already customers. If you trade freight in tankers or dry (also inquire about lng/lpg), reach out a book a demo now! #maritimeinnovation #digitaltransformation #shipsandshipping
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Fearnleys is out today with their VLGC sector report by analyst Mia Groeng. The 21 page report gives a very good overview of the VLGC shipping market. If you don't have time to read it, I will give you my four key takeaways: 1: 15% of the fleet is above 20 years old as there has hardly been any scrapping the last couple of years which creates pent up scrapping demand. In comparison the orderbook is 20% of fleet which leads me into point 2: Yards are now packed with orders e.g. container ships and LNGCs. Hence, delivery slots are now 2028 which is a lead time of four years which is costly with today's interest rate level. At the same time, newbuild prices are historical high with a standard spec ship at $115m, although it's easily at $120m if you want to go for the upgraded Very Large Ammonia Carrier (VLAC) spec. Although Fearnleys note that they have more faith that MGCs and handysize ships will be the preferred ships for such cargoes near time. Avance Gas has four MGC newbuilds capable of carrying ammonia for delivery in 2025/6. Point no 3: There are only 22 newbuilds for delivery this year compared to 39 last year, and half of these ships have already been delivered which means fleet growth will be muted for the remainder of the year. And lastly point 4: Fleet growth will be even more muted next year with only 11 newbuilds set for delivery which is half the level of 2024 which again is 45% lower than 2023. Maybe not too surprisingly, Fearnley's therefore has a constructive view on the VLGC freight market for 2024 and 2025. #gas #lpg #ammonia #naturalgas #propane #shipping #maritime #energy #oil #oilgas #butane #transportation
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Well this is smart decision! 👌🏻you switch to LNG and then, bit later swap fossil to BIO-LNG ☘️ AS we say in Rohe Solutions Oy -in future the gas flows greener ☘️ #biogas #lng #shipping #bunkering #biomethane #methane #biolng #ghgemissions
French container line CMA CGM has reportedly shifted a recent boxship order from methanol-fuelled propulsion to LNG. #marinefuels #lngbunkering #methanol https://lnkd.in/ggGkugDa
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💡 [Announcement] GTT (Gaztransport & Technigaz) has received Approval in Principle (AiP) from American Bureau of Shipping (ABS) for the NH3-ready notation of its Mark III containment system on LNG-fuelled vessels. 🛳️ This approval enables LNG tanks equipped with Mark III technology to be converted for ammonia (NH3) use aboard LNG-fuelled vessels, enhancing their versatility by allowing them to operate on another fuel in their second life. ➡️ Read the press release : https://lnkd.in/eQ2uBHe2 #GTTInside #TechnologyForASustainableWorld
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Class I Marine Engineer at Nakilat | BITS, Pilani | Technical Project Manager | Gas Industry (LPG/LNG) | Shipping I Power plant, piping, electrical and refrigeration systems
As we reflect on the evolving landscape of the shipping industry, it's inspiring to see leaders like Olivier Derison and EXMAR SHIP MANAGEMENT spearheading the decarbonization movement. Their unwavering dedication and 40-year commitment to the gas industry have paved the way for significant milestones like the world’s first four Ammonia fueled gas carriers. It's a testament to the impact of experience in driving innovation and sustainable progress. This is a major milestone towards decarbonisation #Alternatefuels #ShippingIndustry #Decarbonization #Ammoniafuel
Does experience matter? To our friends and partners at IFA in Singapore, it seemed to. EXMAR has already ordered the world’s first four Ammonia fueled gas carriers and we are excited to be at the forefront of decarbonising of the shipping industry. We are very conscious of our pioneering role as the first operator of real Ammonia fueled vessels. But this is only possible due to our 40 years of dedication and commitment to the gas industry. Having safely shipped over 100 million tonnes of Ammonia and lead the way with Ammonia STS operations, EXMAR Shipmanagement is in the unique position to boost the Ammonia as fuel development in the years to come.
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Did you know that our research shows you are three times more likely to have an off-specification issue with marine gas oil (MGO) than with very low sulphur fuel oil (VLSFO)? The risk of SOLAS non-compliance is magnified in Europe, particularly in Croatia and Spain where automotive grades are being shoehorned into the marine pool. Learn more about this topic in the below clip, taken from Bunker Quality & Claim Manager Chris Turner's presentation on bunker quality at the IBIA Annual Convention 2023. To see the full presentation, click here: https://lnkd.in/eC6yeppT #bunkering #shipping #maritime
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#LNG trends @ Gate: -the many FSRUs starting up in Europe (DE, NL, FR, IT, FI) do not yet have an impact on our send-out: 14.35 BCM in 2023 versus 14.39 in 2022, probably the highest in the EU (design was 12). Once again glad to help in keeping the lights on, heating our homes and supplying the industry. My guess is we will continue to have busy years ahead of us. - a record number of vessels called at Gate: 328 guests. -recovery of LNG as a transport fuel as prices became competitive again: a record number of 8789 trucks loaded and our dedicated small scale J3 had a record number of 151 vessels, loading close to 900.000 m3 of LNG. As EU shipping now participates in ETS one can only anticipate a further increase at this jetty. -our many projects (truckloading bay 4/5, extra send-out and especially tank 4 (picture)) to further support LNG developments. Transition is on everyone’s mind, also as LNG. Looking ahead we work on developing an additional dedicated small scale jetty 4 and potentially a multiproduct tank 5, all also with the transition in mind. Big thank you to the customers, authorities, contractors, colleagues and all LNG professionals involved. A safe 2024 for everyone.
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Mitsui O.S.K. Lines, Ltd. (MOL) and #Brazil’s Petrobras have not only inked a charter contract for a cargo transfer #vessel (CTV) but also plan to embark on negotiations by year-end to build a new #CTV. “The use of CTVs will also enable a significant reduction in CO2 emissions compared to the transfer of crude oil by DP shuttle tankers. Specifically, CTVs are expected to achieve a 60% reduction in CO2 emissions off the Brazilian coast compared to using a DP shuttle tanker for offloading in the Santos basin, Brazil and about 80% when it is used off the coast of Uruguay,” elaborated MOL. #oilgas #crudeoil #oilandgasnews #offshoreenergy #oilandgas #energy #shipping #maritime #shipbuilding
Petrobras charters cargo transfer vessel from MOL while gearing up for talks about new CTV shipbuilding deal
https://www.offshore-energy.biz
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Some really interesting stats on LNG as a fuel from DNV that suggests there is a real and pressing need for LNG bunkering capacity to meet the needs of a growing fleet. There are now 559 LNG-powered ships in operation and 499 LNG-fueled vessels on order. This growing fleet is currently being serviced by only 56 LNG bunkering vessels, with another 14 on order. #shipping #lng #bunkering https://lnkd.in/gdMb_k9s
Global LNG-powered fleet continues to grow
https://lngprime.com
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🇩🇰 🚢 After betting on methanol, shipping giant Maersk to increase exposure to LNG as a marine fuel The slower-than-expected production of green methanol and uncertainty surrounding shipping carbon prices are said to be behind Maersk’s decision to hedge its bets on alternative fuels by investing in LNG. News has been circulating in the market since last month that Maersk, long fixated on methanol as a marine fuel, is in talks with tonnage providers including Seaspan to build 12 large LNG-fuelled containerships — a possible pivot in fuel planning. Maersk does not want to be too far off from where its competitors are and now feels the need for some exposure in the LNG fuel market to navigate the upcoming period of regulatory uncertainty at the International Maritime Organization and the European Commission. Source ➡️ https://lnkd.in/gnndGaCJ #LNG #LNGasmarinefuel #LNGfuelled #shipping #Maersk
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