Assessment of Innovative Small Scale Lng Carrier Concepts
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Ferry LNG Study Draft Final Report
Evaluating the Use of Liquefied Natural Gas in Washington State Ferries Draft Final Report Prepared For: Joint Transportation Committee Consultant Team Cedar River Group John Boylston January 2012 Joint Transportation Committee Mary Fleckenstein P.O. Box 40937 Olympia, WA 98504‐0937 (360) 786‐7312 [email protected] Cedar River Group Kathy Scanlan 755 Winslow Way E, Suite 202 Bainbridge Island, WA 98110 (206) 451‐4452 [email protected] The cover photo shows the Norwegian ferry operator Fjord1's newest LNG fueled ferry. Joint Transportation Committee LNG as an Energy Source for Vessel Propulsion EXECUTIVE SUMMARY The 2011 Legislature directed the Joint Transportation Committee to investigate the use of liquefied natural gas (LNG) on existing Washington State Ferry (WSF) vessels as well as the new 144‐car class vessels and report to the Legislature by December 31, 2011 (ESHB 1175 204 (5)); (Chapter 367, 2011 Laws, PV). Liquefied natural gas (LNG) provides an opportunity to significantly reduce WSF fuel costs and can also have a positive environmental effect by eliminating sulfur oxide and particulate matter emissions and reducing carbon dioxide and nitrous oxide emissions from WSF vessels. This report recommends that the Legislature consider transitioning from diesel fuel to liquefied natural gas for WSF vessels, making LNG vessel project funding decisions in the context of an overall LNG strategic operation, business, and vessel deployment and acquisition analysis. The report addresses the following questions: Security. What, if any, impact will the conversion to LNG fueled vessels have on the WSF Alternative Security Plan? Vessel acquisition and deployment plan. What are the implications of LNG for the vessel acquisition and deployment plan? Vessel design and construction. -
Navigator Holdings Ltd. NOK [600 - 800] Million Senior Secured Bond Issue October 2018
Navigator Holdings Ltd. NOK [600 - 800] million Senior Secured Bond Issue October 2018 “Navigator Holdings Ltd. (NYSE:NVGS)” 1 DISCLAIMER About this Presentation We, Navigator Holdings Ltd. (“Navigator”, “Navigator Gas” or the “Company”), have prepared this presentation, together with its enclosures and appendices (collectively, the “Presentation"), to provide introductory information solely for use in connection with the contemplated offering of bonds (the “Bonds” or the “Bond Issue”) to be issued by us and expected to be initiated in October 2018 (the “Transaction”). We have retained Fearnley Securities AS (“Fearnley”) and Nordea Bank Abp, filial i Norge (“Nordea”) as managers of the Transaction (the “Managers”). This Presentation is not in itself an offer to sell or a solicitation of an offer to buy any securities. Accuracy of information and limitation of liability: Any decision to invest must only be made with careful consideration and not in reliance solely on the introductory information provided herein which does not purport to be complete. Any application to invest will be subject to a term sheet setting out the terms and conditions of the securities and an application form which any investment will be subject to. Please do not hesitate to ask us any questions which would be relevant for your consideration and which are not contained herein. We have assimilated the information contained herein from various sources and unless stated the information is a result of our own activities. We have taken reasonable care to ensure that, and to the best of our knowledge as of 22 October 2018, material information contained herein is in accordance with the facts and contains no omission likely to affect its understanding. -
LNG As a FUEL What's Current & What's Next
LNG as a FUEL What’s current & What’s Next Tony Teo / Peter Bant , Det Norske Veritas (Canada) Ltd. April 2012 Agenda Existing Short Sea Shipping IMO - Update Future “GREEN” Ships What's CURRENTand What's NEXT! April 2012 © Det Norske Veritas AS. All rights reserved. 2 Background - Environment Are ships built today prepared for stricter air pollution regulations? Geiranger Fjord What's CURRENTand What's NEXT! April 2012 © Det Norske Veritas AS. All rights reserved. 3 LNG Background- DNV’s History • 1959 DNV Establishes a LNG Research Team. • 1962 Membrane cargo containment system developed and tested successfully. • 1962 First Class Society to establish Rules for Gas Carriers. • 1969 -72 Moss spherical tank design developed. • 1972 Basic design criteria for TYPE B tanks formulated in the Rules. • 1970-1976 DNV was prime contributor to the development of the IMO Gas Carrier Code. • 2001 First Class society to publish rules for Gas Fuelled Engine Installations. • 2003 First class society to publish rules for CNG carriers. • 2004 Technical guidance for offshore LNG terminals. What's CURRENTand What's NEXT! April 2012 © Det Norske Veritas AS. All rights reserved. 4 NORWAY – NOx FUND In 2000 Norway introduced a NOx TAX on emissions. In 2008 Norway introduced a NOx FUND. The FUND is financed by its members paying NOK 4 per kg NOx emitted, encouraged by the exemption from the Norwegian NOx Tax of NOK 16 per kg NOx emitted. NOx fund has granted funding to two supply vessels / three passenger ferries and one gas carrier, and fifteen (15) additional LNG fuelled vessels have been granted funding. -
LNG AS SHIP FUEL No 01 2014
LNG AS SHIP FUEL No 01 2014 THE FUTURE – TODAY LNG READY SERVICE ENGINES FOR GAS-FUELLED SHIPS RECOMMENDED PRACTICE ON BUNKERING GLOBAL LNG SOLUTIONS DNV GL Anzeige Safe Hands MARITIME PUT THE FUTURE OF YOUR FLEET IN SAFE HANDS As your classification partner, our extensive maritime vessels, benefitting your business and the maritime industry expertise, technical knowledge and regulatory foresight as a whole. With DNV GL your fleet is in safe hands. will help to ensure that your fleet meets the demands Can you afford anything else? of the future. Our aim is safety, compliance and optimal operational performance throughout the lifetime of your Learn more at dnvgl.com/maritime 2 LNG AS SHIP FUEL No. 01 2014 EDITORIAL In 2000 the first LNG-fuelled ferry based on DNV GL standards was launched. This ferry has been operating safely and successfully ever since. Over the years that have followed, shipping has seen bunker prices rise sharply and environmental regula- tions tighten, while in the LNG sector there has been a surge in production and deployment of infrastructure. Combined, these trends have set the stage for LNG to emerge as a viable fuel choice on a much larger scale. In 2014 the industry hit a significant milestone with over 120 LNG-fuelled ships in operation or on order worldwide. They range from passenger ferries, Coast Guard ships, containerships and Con-Ro vessels to Dr Gerd-Michael Wuersig tankers and platform supply vessels. The vast majority Business Director LNG-fuelled ships Senior Principal Specialist of these ships is in operation or will be built to DNV Business Development GL class, reflecting the trust our customers have in [email protected] our long involvement in this technology and our continually evolving technical expertise. -
Removal-Fill: Channel History & Proposed Changes
Review of Proposed Earthwork Projects in the Port of Coos Bay Presentation by: Michael Graybill Presented to: League of Women Voters 31 January 2019 Two Closely Related Dredging Projects Are Under Consideration in Coos Bay: DREDGING PROJECT #1 The Jordan Cove Energy Project 5.7 million cubic yards (Not including maintenance volume) DREDGING PROJECT #2. The Coos Bay Navigation Channel Expansion project 18 million cubic yards (Not including maintenance volume) Two Closely Related Dredging Projects Are Under Consideration in Coos Bay: DREDGING PROJECT #1 The Jordan Cove Energy Project 5.7 million cubic yards (Not including maintenance volume) 23.7 Million Cubic Yards! DREDGING PROJECT #2. The Coos Bay Navigation Channel Expansion project 18 million cubic yards (Not including maintenance volume) DREDGING PROJECT #1 The Jordan Cove Energy Project 5.7 million cubic yards (Does not include maintenance volume) Land disposal DREDGING PROJECT #2. The Coos Bay Navigation Channel Expansion project 18 million cubic yards (Does not including maintenance volume) Ocean disposal DREDGING PROJECT #1 The Jordan Cove Energy Project 5.7 million cubic yards (Does not include maintenance volume) Land disposal DREDGING PROJECT #2. The Coos Bay Navigation Channel Expansion Project 18 million cubic yards (Does not include maintenance volume) Ocean disposal Project #1 Proposed Earthwork: Jordan Cove Energy Project Project has 3 Elements: 1. Natural Gas Pipeline 229-mile route; mostly over land; crosses 400+ wetlands and water bodies Hardly any dredging but massive excavation work to bury pipe Extensive Horizontal Directional Drilling of pipeline under the Bay 2. LNG Factory on N Spit Factory super chills gas to a liquid (-220 degrees F) No dredging needed to build factory Much filling needed to elevate facility above tsunami zone 3. -
Key Technologies of LNG Carrier and Recent MHI Activity- Variation Of
Mitsubishi Heavy Industries Technical Review Vol. 47 No. 3 (September 2010) 1 Technology Trends and MHI Activities for LNG Carriers - Diverse Shipbuilding and Marine Products in the LNG Supply Chain - SAI HIRAMATSU*1 KAZUYOSHI HIRAOKA*1 YOSHIKAZU FUJINO*1 KENJI TSUMURA*1 With natural gas garnering greater attention as an energy option with low environmental impact, shipbuilding and marine products in the liquefied natural gas (LNG) supply chain have become increasingly diverse. Mitsubishi Heavy Industries, Ltd., (MHI) through a variety of activities, has been introducing many products that meet customer needs. Taking a long-term perspective, MHI continues to be active in the development of products that offer dependability, economic efficiency, and low fuel consumption, such as continuous tank-cover LNG carriers with drastic weight reductions and performance improvements, fuel-efficient and environmentally-friendly ultra-steam turbine (UST) and slow-speed diesel with gas injection and re-liquefaction (SSD-GI) propulsion plants, regasification vessels that significantly reduce fuel consumption during the regasification process, and reliable highly economic LNG floating production storage and offloading units. |1. Introduction Mitsubishi Heavy Industries, Ltd., (MHI) has built forty-two liquefied natural gas (LNG) carriers since delivery of its first in 1983. While safe, reliable, and economically efficient LNG carrier technologies are being developed through the design and shipbuilding process, the recent rise in LNG demand has generated diverse customer needs for shipbuilding and marine products in the LNG supply chain. This article describes MHI’s activities in the development of highly novel products that take into account diverse supply sources, the need for lower environmental impact, and product development requirements at both upper and lower supply chain streams. -
Navigator Holdings Ltd. “NVGS”
Stifel Presentation August 2017 Navigator Holdings Ltd. “NVGS” This presentation contains certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable federal securities laws. Most forward-looking statements contain words that identify them as forward-looking, such as “may”, “plan”, “seek”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “project”, “opportunity”, “target”, “goal”, “growing” and “continue” or other words that relate to future events, as opposed to past or current events. All statements, other than statements of historical facts, that address activities, events or developments that Navigator Holdings Ltd. (“Navigator” or the “Company”) expects, projects, believes or anticipates will or may occur in the future, including, without limitation, acquisitions of vessels, the outlook for fleet utilization and shipping rates, general industry conditions, future operating results of the Company’s vessels, capital expenditures, expansion and growth opportunities, business strategy, ability to pay dividends and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this presentation are based on reasonable assumptions, actual results may differ any expectations or goals expressed in, or implied by, the forward-looking statements included in this presentation, possibly to a material degree. Navigator cannot assure you that the assumptions made in preparing any of the forward-looking statements will prove accurate or that any long-term financial goals will be realized. All forward-looking statements included in this presentation speak only as of the date made, and Navigator undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise. -
“Navigator Holdings Ltd. (NYSE:NVGS
Company Presentation September 2019 “Navigator Holdings Ltd. (NYSE:NVGS)” Confidential This presentation contains certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable federal securities laws. Most forward-looking statements contain words that identify them as forward-looking, such as “may”, “plan”, “seek”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “project”, “opportunity”, “target”, “goal”, “growing” and “continue” or other words that relate to future events, as opposed to past or current events. All statements, other than statements of historical facts, that address activities, events or developments that Navigator Holdings Ltd. (“Navigator” or the “Company”) expects, projects, believes or anticipates will or may occur in the future, including, without limitation, acquisitions of vessels, the outlook for fleet utilization and shipping rates, general industry conditions, future operating results of the Company’s vessels, capital expenditures, expansion and growth opportunities, business strategy, ability to pay dividends and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this presentation are based on reasonable assumptions, actual results may differ any expectations or goals expressed in, or implied by, the forward-looking statements included in this presentation, possibly to a material degree. Navigator cannot assure you that the assumptions made in preparing any of the forward-looking statements will prove accurate or that any long-term financial goals will be realized. All forward-looking statements included in this presentation speak only as of the date made, and Navigator undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise. -
LNG Fuelled Ships Norwegian Experience
LNG fuelled ships Norwegian experience Per Magne Einang Research Director MARINTEK www.marintek.com ECSA – EMSA meeting Brussels 24th of November 2009 MARINTEK 1 MARINTEK Independent research and development institute Trondheim Norway MARINTEK 2 Gas engine development since 1984 Wärtsilä Vasa 32 Rolls-Royce B-type Rolls-Royce K-type Dual Fuel gas engines Lean Burn gas engines - Constant speed (generator load) - Variable speed (propeller load) MARINTEK 3 Kystgass Snøhvit - base load LNG plant Visjjygon ”Kystgass” Deep sea LNG Coastal LNG ship Regional LNG depot Local LNG skip Local depot Coastal LNG ship MARINTEK 4 LNG distribution and production capacity MARINTEK 5 Small scale receiving terminals in Norway (2009) Receiving LNG terminals LNG receiving terminals in opp(g)eration (green) and under construction (blue) Total number of 30 terminals Wide span in size 100m3 - 3500m3 LNG Source of LNG Local production (marked P) Karmøy 20000 ton/year Kollsnes1 40000 ton/year Kollsnes2 80000 ton/year Tjelbergodden 10000 ton/year Total 150000 ton/year MARINTEK 6 Small receivinggp terminal at an aluminum plant LNG ship 1000m3 LNG MARINTEK 7 New LNG carrier capacity of 7500m3 (Opera te d b y A nt ony V ed er) MARINTEK 8 Lyse gas LNG i Risavika Stavanger Cappyacity 300 000 tons/y ear Starting gq 4. quarter 2010 Possible second train 300 000 tons/year MARINTEK 9 Nordic LNG (Lyse Gas and Skaugen) Logistic solutions with ships Six multi gas (LNG, Ethylene, LPG) carriers of 10 000 cbm and two of 12 000 cbm MARINTEK 10 Large LNG terminals in Europe MARINTEK 11 LNG chain – energy consumption MARINTEK 12 Well – to – wheel analyses, road transport WllWell – to – TkTank (ti)(energy consumption processes) 1. -
Shipping LNG from a Remote Arctic Plant
Shipping LNG from a Remote Arctic Plant Frederic Hannon LNG Shipping Project Manager TOTAL – Gas, Renewables & Power Division YAMAL LNG, a Pilot Project in the Arctic – Some Key Features Shareholders 9.9% 20.0% 50.1% Source: Public information 20.0% ● LNG Plant located in Sabetta, North-East Wells 208 directional and horizontal of the Yamal Peninsula, Russia Capacity 3 x 5.5 MMtpa + 1 x 0,94 MMtpa LNG, 1.2 MMtpa Condensates ● Arctic conditions (Temperatures -52°C / 3 months of polar night) Capex 27 G$ (Yamal LNG) ● Ice free port: 5 months Trains 1,2,3 started ( nameplate 16,5 Mmtpa) T4 pilot under Construction Status ● South Tambey Gas-Condensate Field: construction exploration and development license until 15 ARC7 LNG Carriers, 11 Conventional LNGCs , 2 ARC7 2045 Shipping Condensate tankers Trans-shipment capacity in Zeebrugge and Ship-to-Ship Transfers ● Reservoirs: 1000- 3500 m deep LNG Deliveries Asia, Europe ● Proved & Probable Reserves : 926 billion cubic meters of natural gas An Integrated Project : • Presidential decree on October 10th, 2010 • Final Investment Decision on December 13th, 2013 with Pioneering Solutions in field of logistics and transportation schemes : The Shipping Scheme for the Export of LNG Westbound : annual ice Eastbound : pluri-annual ice Average ice extension : 830 Nmiles / 2,900 Average ice extension 2,100 Nm / 4,900 Nm – 7/9 days Nm – 14/16 days Year Round Northern Sea Route Route Sabetta 16,5 mtpa LNG / Trans-shipment # 220 cargoes Terminal /year Summer Route TRANSHIPMENT : SHIP – STORAGE - SHIP Winter -
Lng Bunkering Technical and Operational Advisory
LNG BUNKERING TECHNICAL AND OPERATIONAL ADVISORY ABS | LNG BUNKERING TECHNICAL AND OPERATIONAL ADVISORY | 01 © VladSV/Shutterstock OUR MISSION The mission of ABS is to serve the public interest as well as the needs of our members and clients by promoting the security of life and property and preserving the natural environment. HEALTH, SAFETY, QUALITY & ENVIRONMENTAL POLICY We will respond to the needs of our members and clients and the public by delivering quality service in support of our Mission that provides for the safety of life and property and the preservation of the marine environment. We are committed to continually improving the effectiveness of our HSQE performance and management system with the goal of preventing injury, ill health and pollution. We will comply with all applicable legal requirements as well as any additional requirements ABS subscribes to which relate to HSQE aspects, objectives and targets. Disclaimer: While ABS uses reasonable efforts to accurately describe and update the information in this Advisory, ABS makes no warranties or representations as to its accuracy, currency or completeness. ABS assumes no liability or responsibility for any errors or omissions in the content of this Advisory. To the extent permitted by applicable law, everything in this Advisory is provided “as is” without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or noninfringement. In no event will ABS be liable for any damages whatsoever, including special, indirect, consequential or incidental damages or damages for loss of profits, revenue or use, whether brought in contract or tort, arising out of or connected with this Advisory or the use or reliance upon any of the content or any information contained herein. -
U.S. LNG Export Projects Update
LNG ALLIES > DEVELOPMENTS IN Q4 2018 U.S. LNG Export Projects Update LEAD: CORPUS CHRISTI SHIPS INITIAL LNG CARGO On Dec. 11, 2018, the first commissioning cargo of liq- uefied natural gas (LNG) was loaded and departed from Cheniere Energy’s Corpus Christi liquefaction facility in Texas, marking the first export of LNG from the state and from a greenfield liquefaction facility in the lower 48 states. The cargo was loaded on the LNG carrierMaria Energy, chartered by Cheniere Marketing. The Corpus Christi liquefaction facility consists of three large-scale LNG trains and supporting infrastructure, with an additional seven smaller trains proposed. The facility’s first train produced first LNG in Nov. 2018 and is expected to reach substantial completion in Q1 2019. Train 2 is ex- and Regasification Units (FSRU), Floating Liquefaction pected to reach substantial completion in the H2 2019, and (FLNG), and small scale LNG. Wouter Pastoor, also from Train 3 in H2 2021. Golar, is Delfin’s new Chief Operating Officer. Poston takes over from Delfin founder Fred Jones. PROJECTS UNDER CONSTRUCTION ■ Magnolia LNG (Louisiana) ■ Cameron LNG (Louisiana) Liquefied Natural Gas Ltd. has extended through June 30, On Nov. 2, Cameron LNG requested authorization from 2019, its current binding engineering, procurement, and the Federal Energy Regulatory Commission (FERC) to construction contract with KSJV (a KBR/SKE&C joint begin commissioning activities for the first train of the venture led by KBR) for the Magnolia LNG project. 14 mtpa project now under construction in Hackberry, Louisiana. Sempra continues to state that all of the first ■ Sabine Pass Train Six (Louisiana) three trains at Cameron should be in service in 2019.