Lucy Hine

England, London

Correspondent at TradeWinds

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Articles

Basalt Infrastructure adds Celsius Shipping LNG carrier to its line-up

1 day ago | tradewindsnews.com | Lucy Hine

UK investment management company Basalt Infrastructure Partners has added a Celsius Shipping LNG carrier to its burgeoning two platforms. Basalt announced it has acquired the 180,000-cbm newbuilding Celsius Galapagos, which is filled with an ME-GA propulsion system. The company said the ship, delivered in May by Samsung Heavy Industries, is employed on a “long-term, fixed time charter to a leading, investment grade counterparty active within the production, sale and distribution of LNG”.
New LNG carrier design concepts emerge as South Korean shipbuilders vie for efficiencies

1 day ago | tradewindsnews.com | Lucy Hine

Shipbuilders and technology providers have unveiled several new concepts for LNG carrier designs to cut emissions and improve efficiencies during Nor-Shipping week in Oslo. South Korean shipbuilder Samsung Heavy Industries has teamed with the Korean Register to develop a 174,000-cbm LNG carrier with three cargo tanks.
Idan Ofer talks weak LNG markets, favoured fuels and his connection with cycling

2 days ago | tradewindsnews.com | Lucy Hine

It might not be such a great time to be in LNG shipping, but the Cool Co reception at Nor-Shipping was a decidedly good place to hang out. Guests spilt out into unexpected sunshine at the Festningen Restaurant with a sweeping view over the Oslo harbour area and beyond. Some of them were fresh from two mornings of sporting action organised by Idan Ofer’s Eastern Pacific Shipping and Cool Co — a bike ride on Tuesday, which Ofer joined, and a run the next day when the rain showed up.
Vietnam fires up second LNG import terminal with Russian cooldown cargo

2 days ago | tradewindsnews.com | Lucy Hine

A joint venture has brought in a Russian cargo to commission what will be Vietnam’s second LNG import terminal. Kpler data shows the 145,819-cbm steamship Blue Dragon 1 (ex-Stena Blue Sky, built 2006) arrived on 25 May at the Cai Mep LNG Terminal near the Mekong River delta with a cargo loaded from Russia’s Sakhalin 2 LNG plant on 10 April.
Diesel-electric LNG carriers dubbed ‘worst in class’ by BW LNG chief

2 days ago | tradewindsnews.com | Lucy Hine

Dual- and tri-fuel diesel-electric (TFDE) LNG carriers could be facing more headwinds than LNG steam turbine vessels as new emissions regulations kick in, delegates to Nor-Shipping’s first LNG conference in Oslo were told this week. BW LNG chief executive Yngvil Asheim, whose company’s fleet also includes a raft of steam turbine LNG tonnage, said “the worst in class are the TFDEs”, the sector’s four-stroke vessels.
Commercial shipbuilding in China fuelling build up of naval capacity as global tensions mount

3 days ago | tradewindsnews.com | Lucy Hine

Companies engaged in constructing ships in China are facilitating the build-up of the Chinese naval capabilities as a new super-power rivalry with the US gathers force, a Norwegian academic defence specialist told the Marine Money conference during Nor-Shipping in Oslo.
MOL to fit fuel cell to LNG newbuilding to cut emissions in pilot application

3 days ago | tradewindsnews.com | Lucy Hine

Japanese shipowner Mitsui OSK Lines plans to fit a solid oxide fuel cell (SOFC) to an LNG carrier newbuilding in an effort to cut emissions. MOL and South Korean shipbuilder Samsung Heavy Industries received approval in principle from classification society Lloyd’s Register for the new design of the 174,000-cbm LNG carrier with SOFC technology during Nor-Shipping.
MOL to fit fuel cell to LNG newbuilding in pilot application to cut emissions

3 days ago | tradewindsnews.com | Lucy Hine

Japanese shipowner Mitsui OSK Lines is to fit a solid oxide fuel cell (SOFC) to an LNG carrier newbuilding in an effort to cut emissions. MOL and South Korean shipbuilder Samsung Heavy Industries received Approval in Principle from classification society Lloyd’s Register for the new design of the 174,000-cbm LNG carrier with SOFC technology during Nor-Shipping. The 174,000-cbm LNG newbuilding is to be equipped with a 300kW SOFC, supplied by Bloom Energy, to be used as an auxiliary power generator.
Bunker industry ‘far from ready’ for ammonia as marine fuel

4 days ago | tradewindsnews.com | Lucy Hine

Bunker industry suppliers need to embrace digitalisation so new clean forms of ammonia can be certified for use as a marine fuel, consultant Sofia Furstenberg Stott told delegates at Nor-Shipping. Speaking at a Blue Talks session, the Furstenberg Maritime Advisory partner Fsaid the bunker industry is trying to get involved with the supply of ammonia as a marine fuel.
Northern Lights first CO2 carrier starts cool down with customer cargo

4 days ago | tradewindsnews.com | Lucy Hine

One of two delivered liquefied CO carriers for carbon capture and storage (CCS) joint venture partners Northern Lights has started commissioning. Northern Lights, a joint venture between Equinor, Shell and TotalEnergies, said its 7,500-cbm Northern Pioneer (built 2024) has started cooldown operations with liquefied CO2. The company said the volumes are being supplied in Brevik by cement manufacturer customer Heidelberg Materials.