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New LNG Tanker Tolls Approved for Widened Panama Canal

The Cabinet Council of the Republic of Panama has officially approved a new segment and tolling structure for LNG and Liquefied Petroleum Gas (LPG) vessels passing through the Panama Canal. Tolls for LNG and LPG vessels will be based on cubic meters, whereas tolls for other vessels and tankers will be based on other units of measurement and pricing.  The new tolls for LNG tankers will...

President Obama Signs Bill Encouraging Exports of LNG on U.S.-Flagged Vessels

President Obama has signed into law S. 2444, the Howard Coble Coast Guard and Maritime Transportation Act of 2014, which among other things, reauthorizes funding for the U.S. Coast Guard and Federal Maritime Commission, and encourages the use of U.S.-flagged vessels for LNG exports from the United States.  Section 308 of the Act requires the Comptroller General of the United States to...

U.S. House Subcommittee Holds Hearing on Shipping of U.S. LNG Exports

The U.S. House of Representatives Subcommittee on the Coast Guard and Maritime Transportation held a hearing this week on the status of the U.S. Merchant Marine.  The hearing focused on H.R. 5270, the bipartisan “Growing American Shipping Act” or GAS Act, which would promote the export of U.S. LNG on U.S.-flagged vessels by (1) authorizing the Secretary of Transportation to develop and...

MARAD Releases Study on LNG Bunkering Options

The U.S. Maritime Administration has released a study prepared by Det Norske Veritas (U.S.A.), Inc., which examines LNG bunkering and related infrastructure, safety, regulatory, and training needs.  According to the press release, bunkering “is the transfer of LNG from a supply station to a receiving vessel for the sole purpose of use as propulsion fuel.”  The study examines four...

GDF Suez, Mitsubishi, and NYK Sign Agreement Related to LNG Bunkering

GDF Suez, Mitsubishi Corp., and Nippon Yusen Kaisha (NYK) signed a framework agreement related to the development of an LNG bunkering vessel and an LNG bunkering supply contract between GDF Suez and United European Car Carriers.  Under the agreement, NYK will operate an LNG bunkering vessel to be built in South Korea and delivered by 2016.  The LNG bunkering vessel will transport LNG...

ABS and DSME to Jointly Develop an LNG-Fueled Drillship

On Wednesday, the American Bureau of Shipping (ABS) and Daewoo Shipbuilding & Marine Engineering (DSME) announced that they have entered into a joint development project to develop the first LNG-fueled drillship.  The project will target the Gulf of Mexico market.  Dr. Sung Geun Lee, the CTO and Executive Vice President of DSME, commented: “We are pleased to collaborate on this...

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