Drewry Shipping Consultants' latest report, "LNG Shipping Market Review 2003/04" provides insights and detailed assessment of the LNG shipping market's discrete, yet substantial, growth since the turn of the century.
The report identifies which market trends have been contributing towards this growth and what will enable the market to sustain it. Various factors apply but, since the turn of the century, there has been a massive surge in interest in the previously conservative LNG business with unprecedented levels of ordering activity for new vessels and much increased interest in new supply projects and new/expanded projects.
Drewry has highlighted the following current market characteristics as key to the LNG shipping industry's growth: • LNG trade set to grow at 7-8% per annum for the next decade • Costs are declining due to new technologies • South Korea and China emerging as major players • U.S. Federal Reserve calling for more LNG receiving terminals to be built • Industry opening up to new players Drewry's report highlights new technologies as a key element in the rise of the LNG shipping market by helping to bring costs down and make previously uneconomical projects viable. In ship design, new propulsion systems aim to replace the traditional steam turbine engines with smaller more efficient units that will not only reduce fuel costs but will also increase cargo carrying capacity.
Ships could also be about to become bigger with the new Qatar projects to supply the U.S. and UK with gas widely tipped to produce the first order for a 200,000 cu. m. ship.
Several new ships have been ordered with on board regasification facilities that will open up many new areas to the possibility of LNG imports and help overcome environmental objections to new LNG receiving terminals.
"The remarkable growth currently being experienced within the LNG shipping market is not just a flash in the pan - market conditions indicate that it is likely to continue for at least another ten years due to, amongst other factors, reducing costs, increasing trade opportunities and a host of new entrants coming into the market," said Susan Oatway, Director of Bulk Shipping at Drewry.
For information on ordering the report Circle 51 on Reader Service Card
gambling on U.S. passenger vessels and giving ocean freight consolidators more flexibility in fulfilling bonding requirements were recently sent by the House to the President's desk. It also approved and sent to the Senate a bill directing the Maritime Administration to scrap 116 obsolete vessels in
utility at the lowest cost of the ships offered. All 19 have national defense features. When delivered to MarAd, by November 30, 1984, the ships must be within class in accordance with American Bureau of Shipping Standards and certified by the U.S. Coast Guard as capable of 180 days of sustained
Agreement has been reached by House and Senate negotiators on funding for several maritime agencies and their programs. A Senate-House conference committee, working on a $22.1 billion appropriations measure for the Departments of Commerce, Justice, and State, the Judiciary and related agencies
the most modern and capable RO/RO and heavy-lift/barge ships at the lowest possible purchase and life cycle cost. When delivered to MarAd, the ships must be within class in accordance with American Bureau of Shipping standards and certified by the U.S. Coast Guard as capable of 180 days of sustained
. 858, 49 Stat. 1985). To promote the U.S. merchant fleet and encourage domestic shipbuilding, the act, as amended, provides federal guarantees of debt used to finance the purchase or construction of privately owned American-fl agged vessels built in U.S. shipyards. If a borrower defaults on a loan
activated in support of Operation Desert Shield/Desert Storm. Operations & Training—The $78 million funding is an increase of $5.2 million over the previous fiscal year. The funding will provide continued support of the U.S. Merchant Marine Academy and support State maritime schools, management of maritime
last July. He is the seventh person to hold the superintendent's post since the federal maritime school was dedicated in 1943. A 1950 academy alumnus, he sailed aboard United States Lines passenger vessels after graduation and served in the U.S. Navy before joining the academy's faculty in 1958
Region director, based in New York City. In this capacity he administered Federal programs that assist the U.S. shipping, shipbuilding, and port industries in a 17- state region s t r e t c h i n g from Maine to Florida. He also was responsible for maintenance of the National Defense Reserve Fleet
This summer, the Administration released the innocuously named “Guide to Regional Marine Planning,” and across town, the House of Representatives passed the latest in a string of resolutions restricting the Administration from spending money on the implementation of the National Ocean Policy. The battle
Barge Co., it was announced by Robert A. Kyle, president of Triangle Fleeting. United and Triangle are part of the Inland Waterways Division of Pott Industries Inc., St. Louis, Mo., which also includes Federal Barge Lines, Inc. In his new position, Mr. Kindl will be responsible for the total operation
Mixed Government Support for U.S. Shipbuilding.It has been a busy start to the 116th Congress for the U.S. shipbuilding industry, with three congressional hearings in early March focused on the industry’s role as a critical component of the U.S. national security industrial base. In addition, the Consolidated
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come one of the principal innovators in the subsea imaging and measure- ment industry. It is headquartered is in BIRNS, Inc. Kildare, Ireland with of? ces in the U.S., BIRNS started out in the subsea the U.K., China and Australia. industry creating underwater cam- Currently the company is building
1,700-kilometer mission autonomously collecting ? sheries thus increasing mission ef? ciency. acoustics and physical properties of the sea surface. As part Looking back 20 years, we celebrate the progress and ad- of this multi-vehicle mission under the U.K. NERC/Defra vancements made in ocean observatio
were to signi? cantly increase the number and frequency of mea- equipped with: surements of strain accumulation in Cascadia Subduction • Sonardyne acoustic modems Zone and elsewhere. • Dual frequency GPS receiver embedded in an inertial navigation system (INS) Monitoring the Alaskan Subduction Zone:
oor geodesy projects are underway across the globe, all in the ability to observe and monitor the worlds’ in pursuit of scienti? c advances that will help us crack the ocean. Just think that less than two decades ago, one code on earthquake and tsunami risk. The importance of this Oof the ? rst global
grow Along with the 1,100-square-meter testing and training cen- wind power entrepreneurs, ? oating or marine wind power con- ter backed by The Switch — plus researchers, equipment and tinues to grow. Since Equinor’s launch of a HyWind pilot at infrastructure — the Sustainable Energy catapult will also
expected stream of startups. power cables, Unitech is also in negotiations with clients for By pumping cash into innovation at the Center, the Norwe- new, customized cable designs and installation technology. gian government will offer would-be wind suppliers from “Our business plan is based on this being
The making of a (supply chain) star Wind is “the tech of choice,” the International Energy Agency said recently, just as a new report by the University of Delaware outlined the opportunity in U.S. of shore wind: 5,000 miles of of shore cabling and 1,700 turbines, it turns out, are bundled into current
hull separation. Once the hull separates the vehicles arms activate and the machine is ready to manipulate and inspect its environment. Aquanaut is not just a paper de- sign. It has been built and is undergoing testing now. One of the biggest advantages of virtual residency is avail- ability. Ultimately
Insignts Business Solving the Real Problem: T e Subsea Business Model By Sean Halpin, Aquanaut Product Manager, Houston Mechatronics e seem to be experiencing an underwater operators determined that they need to dramatically lower the technological renaissance. It’s extremely cost of doing business
CONTROL portion, said his team started by us- Precise demolition ing the system to establish a baseline After a baseline was set, Tappan Zee of conditions in the river. This began Constructors used TMC software and with 3D point cloud data collection of Teledyne SeaBat T20 high resolution submerged
of the bridge of? cially opened to westbound traf? c in Au- The project scope required driving more than 1,000 cylindri- gust 2017 and, a few weeks later, temporarily began carry- cal piles into the Hudson riverbed to create 41 pillars to hold ing eastbound traf? c until the eastbound span was completed
, while also eliminating metal contamination. were not commercially available off the shelf to provide the protection, accuracy and durability required. For US GEO- Future use TRACES, a 14 mm Vectran cable was designed, manufactured US GEOTRACES has achieved the capability to lower the and supplied by Cortland
for US GEOTRACES. sample bottles. As it is lowered through the water column to To support the scienti? c challenges, a suitable cable had to depths of 7,000 meters, it endures factors including cold tem- be non-metallic to meet non-contaminating criterium as any peratures, bending, tension cycling
Insignts Cables Cable to Make a Dif erence in Underwater Missions By Chad Murdock, lead applications engineer, Cortland Company he US GEOTRACES program is dedicated to col- Electromechanical cable specialist Cortland supplies equip- lecting trace elements and their isotopes from the ment which is used by
. A re-export of a U.S.-origin item from one for- writing has been obtained ? rst by the U.S. seller from the for- eign destination to another, including use aboard a vessel in eign buyer stating they (the foreign buyer) assume this respon- multiple territorial waters, can also trigger a license require-
, U.S. Commercial Service, U.S. Department of Commerce ach year, the U.S. Department of only complete systems and key parts and com- Commerce receives thousands ponents, but also raw materials, produc- of inquiries from businesses tion equipment, and other related items. E looking to export, many of For
EU VAMOS project www.marinetechnologynews.com s this edition went to press, I was literally on a plane NEW YORK returning to New York City from Ocean Business, a 118 E. 25th St., New York, NY 10010 successful exhibition by any metric. We have partici- Tel: (212) 477-6700; Fax: (212) 254-6271 Apated in
The Tappen Zee With Trimble Marine Construction Systems and Teledyne Marine Imaging, bridge deconstruction projects can now have pinpoint accuracy. Business 24 The Subsea Model While tech takes center stage, the author contends that the real problem is the subsea business model. By Sean Halpin 24 Workclas
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. “We didn’t get it right all of the time, but enough An advantage was also was that Chrysaor, as a small or- of the time and very few things didn’t work for us,” says Ead- ganization, was able to be nimble. When issues arose, those ington. “Most of the suppliers delivered on time, but when dealing with them
the ToT, through personnel training and the search for a high index of nationaliza- tion. This generates bene? ts for Brazil, of a technological and industrial nature, including not only the naval market, but Image Gaúcha Zero Hora also other segments that supply goods Control room and services in the
units attached to one of the Nekton mission submersibles. UNDERWATER UNDERWATER with 75m maximum range in which you sion happen. BlueComm 200 UV can ACOUSTIC RECORDERSACOUSTIC RECORDERS can operate and sustain up to 10Mbps is provide this link, securely and covertly. signi? cant in size and able to support
DOLPHIN Signal Processing Technology signal saturation and enables simultaneous transmitting and Acoustics enable many core undersea capabilities. Where receiving on the same frequency, with collocated transducers. radio waves do not propagate well, and light is absorbed The DOLPHIN technology is