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LIQUIFIED NATURAL GAS CARRIER (LNG)LIQUIFIED NATURAL GAS CARRIER (LNG)
?
What is LNG ?
fiedLiqui Natural Gas
Natural Gas
At Minus 260 Fahrenheit (162 C)
Reduces to 1/600 of its original volume
Natural Gas
OO
Vessel insulation is crucial !
OUTER HULL
INNER HULL
BALLAST WATER Then 4 layers
of insulation
2nd layer Insulation
2nd Membrane
1st layer Insulation
1st Membrane
1.8 metres (6 feet)
MEMBRANE TYPE LNG VESSEL LAYERS OF INSULATION
Top LNG Vessel Operators at 25 January 2008 (by cubic meters) Current world fleet total = 32,621, 390 cub mtrs
Source: Maritime Business Studies LLPhttp://www.coltoncompany.com/
On order, a further 24,968,000 cub mtrs = 76.5% increase in current world fleet
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000
Maersk GasHanjin Line
Knutsen/MarpetrolEagle Gas Shipping
Overseas ShipholdingSNTM-Hyproc
ExmarBP Shipping
Anglo-Eastern Mgmt.Hoegh LNG
Maran Gas MaritimeHyundai MMSK Shipping
Teekay LNG PartnersNational Gas Shipping
BW GasGolar LNG
K LineProNav Ship Mgmt.
STASCONYK Line
Mitsui OSK LineM.I.S.C.
Current Capacity (cu.m.) On Order Capacity (cu.m.)
Stasco total could be
12,245,000 cu.m.
Top LNG Vessel builders at 25 January 2008 (by cubic metre capacity)
Source: Maritime Business Studies LLPhttp://www.coltoncompany.com/
..and so after the current orders are built, (assuming no scrappings)
the world fleet will have been built in the following countries…
Where the current world fleet of 32,621,000 cu.m. capacity was built
Where the newbuildingstotalling 24,968,00 cu.m.
are now being constructed
Images courtesy of UK P&I Club
The sheer SIZE of these new vessels !The view INSIDE one prismatic tank
The MOSSTANK
design
LNG CARRIER INSURANCE ISSUES
Current cost to build between $180,000,000 - $290,000,000
“Sloshing” Damage ClaimsBILL
$22,000,000 +
Containment Systems ClaimsBILL
$35,000,000 +
The only yards with repair capability…….
(152,000 cu.m.) (270,000 cu.m.)
……are too busy building new ones !
Insulation adhesive weakness claims Has led to Total Loss
L.N.G. CarriersJust one of 10 vessel types covered by Steve Harris during the Marsh Marine Insurance Weeks
For more information or a brochure, contact Marion J. Paul, Marsh Norwich U.K.Tel: + Intl 44 (0)1603 207098E-mail [email protected]
