NEWS
6,500m3
of LNG fuel and will be highly efficient
and manoeuvrable. Featuring an innovative transfer system and sub-cooler unit, it will be able to load from big or small terminals and able to bunker a wide variety of customer vessels.” Grahaeme Henderson, vice president of Shell
Shipping & Maritime, explains: “We worked closely with customers on the specifications,” and he added the new vessel “will use cutting-edge technology.” Te new break bulk terminal is expected to be
operational by the fourth quarter of 2016 and it will be adjacent to the GATE terminal. LNG is already delivered to the terminal area by large LNG carriers from gas supply regions around the world. Shell believes that: “Te development of this new
vessel and its supporting infrastructure strengthens Shell’s position in Europe’s natural gas and LNG market. Global LNG trading began 50 years ago, when Shell brought the world’s first commercial LNG cargo from Algeria to the UK. Shell Shipping & Maritime manages 44 LNG carriers – around 11% of the world’s LNG fleet.”
LNG Temasek buys GTT stake
The Singapore investment company Temasek, which also owns container ship operator APL, has bought a 10.4% stake in the French membrane containment system design company Gaztransport & Technigaz (GTT). Te share acquisition represents Total’s remaining
shares in the LNG containment system company aſter the oil company had reduced its share of GTT in February last year from 30%. Total and Temasek entered into a definitive
agreement for the acquisition by Temasek of Total’s entire remaining interest in GTT. During GTT’s initial public offering in February 2014, Total had previously reduced its shareholding from 30% to 10.4%. Completion of the transaction was expected to be finalised by this month. “We are pleased by Temasek’s acquisition of an
interest in our capital, as a long-term shareholder. Its geographical roots and its experience in the LNG and marine industries fit perfectly well with the company’s strategy.” said Philippe Berterottière, chairman and CEO of GTT. Following the Temasek transaction GDF Suez
remains the leading shareholder in GTT with a 40.4% stake while management and employees hold around 0.2% of the capital and the remaining 49% is held by the public in a free float of shares. However, private equity company Hellman & Friedman holds a 5% share of the free floating shares.
10 Regulations ICS changes BWMC tack
The International Chamber of Shipping (ICS) has changed its position on the ratification of the Ballast Water Management Convention (BWTC) which has almost reached the critical mass needed to become law. A statement from the ICS in mid-December read:
“Notwithstanding the need to resolve outstanding issues and questions concerning the implementation of the IMO BWMC, ICS acknowledges the agreement in principle by the IMO Marine Environment Protection Committee meeting in October to address the various concerns raised by the shipping industry. ICS will therefore no longer actively discourage those governments that have not yet done so from ratifying the Convention.”
Technology NYK and partners take
on SOx Te Monohakobi Technology Institute (MTI), an NYK Group company, has linked with Singapore-based Nanyang Technological University and Sembcorp Marine Technology and Japan’s ClassNK to develop an exhaust gas cleaning system (EGCS) that will curb SOx emissions outside of the Environmental Control Areas aſter 2020 or 2025. Te research will be funded by a grant from the Singapore
Maritime Institute and carried out with the support of the ClassNK Joint R&D for Industry Program. NA
The Naval Architect January 2015
IMO Sekimizu to step down
IMO Secretary General Koji Sekimizu has announced he will step down at the end of 2015 aſter just one term at the helm of the IMO. The secretary general made the announcement
following an illness to his wife saying that he would not be able to devote his full attention to the IMO job. Nominations for the secretary general position have
started to be posted with both Cyprus and Denmark nominating candidates. Te Danish Government has nominated the Director General of the Danish Maritime Authority (DMA) Andreas Nordseth, who joined the DMA in 1991 and took up the position of Director General in 2009. Meanwhile, Cyprus has put forward Andreas
Chrysostomou the acting director of the Department of Merchant Shipping. Chrysostomou has been associated with the IMO since 1994 in a number of positions, including the chairmanship of the influential Marine Environment Protection Committee between 2003 and 2013 and the Design and Equipment subcommittee.
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