GAS Entec says the vessel will be the world's first LNG-fuelled reefer carrier.
GAS Entec says it is building the world's first LNG-fuelled reefer carrier. Image: GAS Entec
South Korea-based engineering and design firm GAS Entec Co., Ltd. (GAS Entec) has announced plans to build a liquefied natural gas (LNG)-fuelled reefer carrier.
"This vessel, which will be recorded as the world's first LNG-fuelled reefer carrier, will become GAS Entec’s state-of-the-art of LNG technology," said GAS Entec.
The 155,000 ft3 vessel is to be built under an agreement with refrigeration cargo shipper SEoIL Agency Co., Ltd. (SEoIL).
This vessel... will become GAS Entec's state-of-the-art of LNG technology
GAS Entec will jointly develop the vessel's LNG refrigerant system with Dongwha Entec, and will apply the cycle and generator as a dual fuel engine in cooperation with Wärtsilä.
"If this new refrigerated cargo carrier is proven to have a 30 percent operating cost savings compared to the existing one, it will be big impact to hundreds of homogenous newbuilding markets around the world," said GAS Entec.
As Ship & Bunker reported in August, Atlantic, Gulf & Pacific Company (AG&P) announced it had made a "major investment" in GAS Entec that would see the two companies work together to provide a variety of onshore and floating LNG products, including LNG bunkering, storage, regasification, LNG-fuelled power solutions, mooring structures, and storage applications.
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
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Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members