By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
OOLP Maritime World NewsOOLP Maritime World News
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Reading: Idea Utilizing Outdated LNG Carriers to Construct Price-Efficient FLNG Vessels
Share
Notification Show More
Latest News
Iron ore rises as China port inventory fall lends support
Shipping news
Futuristic Cruise Ship Prototype Is Unlike Anything We’ve Ever Seen
Cruise
Investors with ONE Complete Acquisition of Seaspan’s Parent Atlas Corp
Global Maritime News
Maersk’s APM Terminals to double capacity in Rotterdam port
Port news
LNG shipping stocks: Growth after two weeks of decline
Shipping news
Aa
OOLP Maritime World NewsOOLP Maritime World News
Aa
Search
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Follow US
Ā© 2022 - All Rights Reserved. OOLP News.
OOLP Maritime World News > Global Maritime News > Idea Utilizing Outdated LNG Carriers to Construct Price-Efficient FLNG Vessels
Global Maritime News

Idea Utilizing Outdated LNG Carriers to Construct Price-Efficient FLNG Vessels

Last updated: 2022/04/15 at 7:45 PM
18 Views
Share
5 Min Read
SHARE
Japanese design resuses Moss tanks from LNG carriers to construct FLNG manufacturing (Okay Line)

Japanese engineering firm JGC Holdings and delivery firm Kawasaki Kisen Kaisha (ā€˜Okay’ Line) working collectively have developed a brand new strategy to growing floating LNG vegetation (FLNG). Underneath their design, which obtain approval from ABS, they suggest using older LNG carriers to create an economical technique of increasing LNG manufacturing particularly from small to mid-sized fields which may in any other case not be economical to function.

The businesses spotlight that for the reason that first LNG service was constructed within the Seventies, LNG transport has elevated to the purpose that there now exist 600 carriers globally. Nonetheless, in recent times, some LNG carriers have been changed by newer, extra energy-efficient ships with bigger carrying capability, leaving older carriers to languish in ports.

ā€œJGC World and ā€˜Okay’ Line noticed a chance within the older technology of LNG carriers and, with the backing of Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the conceptual design of recent kind of FLNG hull was established,ā€ the businesses mentioned asserting their idea. The problem they are saying is to beat the problems to constructing FLNGs whereas capping development prices.

Floating LNG manufacturing, storage and offloading services they famous have been adopted as a cost-saving strategy to growth of recent LNG fields. They level out that the strategy is interesting as a result of it eliminates the prices concerned in laying a pipeline for transporting fuel from the sphere and growth of the infrastructure utilized in manufacturing. Additional, the businesses growing FLNGs have the chance to redeploy the floating vegetation after a area is depleted.

But, whereas the floating strategy is being pursued, they observe that they vessels require specialised expertise and are pricey to develop. The design should contemplate elements reminiscent of counteracting wave movement whereas additionally creating a really compact construction and addressing issues of safety.

ā€œThe important thing parts of an FLNG facility are the hull, which incorporates the LNG storage tanks, in addition to the manufacturing and liquefaction models on the topside. The LNG storage tanks within the hull require very pricey cryogenic supplies capable of face up to temperatures as little as -162°C. Welding collectively these supplies require particular expertise, which implies that FLNG services can solely be constructed by a small variety of shipbuilders. This results in excessive prices and lengthy supply occasions,ā€ mentioned the businesses.

- Advertisement -

As a result of challenges and prices, there are solely seven FLNG services exist globally, together with these in transit and below development. But they famous regardless of the robust, rising world demand for LNG, there are quite a few stranded offshore fuel fields all around the world the place growth wouldn’t be worthwhile utilizing a land-based LNG complicated.

Their design idea entails transferring and reusing the LNG storage tanks from present spherical tank (Moss tank) carriers to the hulls of recent FLNG services. Transferring and reusing the spherical Moss tanks from present LNG carriers means there isn’t a must construct new new storage tanks from costly cryogenic supplies, lowering the price of hull development. As well as, a wider selection of shipbuilding yards is ready to assemble the FLNG hulls. That is anticipated to cut back development time and value to increase the worldwide fleet of FLNGs.

The American Bureau of Transport reviewed the design and issued Approval in Precept (AIP), which the businesses are calling as a big step in direction of its realization. They plan to make use of JGC’s expertise in FLNG design, procurement and development together with ā€˜Okay’ Line’s expertise within the development of LNG carriers to additional this strategy. The businesses are shifting aggressively to construct an orderbook for the design that they consider presents robust benefits for the rising sector.

You Might Also Like

Investors with ONE Complete Acquisition of Seaspan’s Parent Atlas Corp

More Proposed Reforms to Ocean Shipping Act Stir Up New Controversies

Monjasa Confirms Pirate Attack with Search Ongoing for Missing Tanker

American Cruise Lines Markets Longest-Ever U.S. River Cruise

admin April 15, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Previous Article ESL Transport is First Buyer for Sweden’s Botnia Hydrogen Mission
Next Article Because the EU Appears for Extra LNG, Egypt Prepares to Enhance Output
- Advertisement -

Latest News

Iron ore rises as China port inventory fall lends support
Shipping news March 28, 2023
Futuristic Cruise Ship Prototype Is Unlike Anything We’ve Ever Seen
Cruise March 28, 2023
Investors with ONE Complete Acquisition of Seaspan’s Parent Atlas Corp
Global Maritime News March 28, 2023
Maersk’s APM Terminals to double capacity in Rotterdam port
Port news March 28, 2023

OOLP maritime news is a portal that gets latest updates and happenings from the maritime & cruise industry across the globe.

Top maritime stories

Global maritime news

International shipping news

Cruise news

Maritime ports

Security and piracy

About OOLP news

Contact us

Live maritime traffic

Events

Blog

Follow US

Ā© 2022 - All Rights Reserved. OOLP News.

  • Cookie Policy
  • Terms & Conditions
  • Disclaimer
  • Privacy Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?