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Tagged in LR
SFL - Acquisition of three newbuild LR2 product tankers in combination with long term charters
SFL Corporation Ltd. (NYSE: SFL) (SFL) announced today that it has agreed to acquire three new LR2 product tankers for an aggregate purchase price of approximately $230 million in combination with long term time charters to a world-leading energy and …
Mar 20, 2024 / Curious
LR to redeliver first LNGC to FSRU conversion for CPP, COSCO and CYGAS
The conversion of LNG carrier SS Galea to FSRU Etyfa Prometheas represents the first such conversion for both Cyprus and the Eastern Mediterranean. Lloyd’s Register (LR), China Petroleum Pipeline Engineering (CPP), COSCO Shipping and CyGas are …
Mar 6, 2024 / Vessels
LR awards AIP to hydrogen fuel-cell ferry for the Estonian State Fleet
New zero emission ropax ferry will be built for the Estonian State Fleet, equipped with hydrogen fuel-cell battery propulsion. Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to the Estonian State Fleet for a hydrogen fuel-cell ferry …
Feb 8, 2024 / Curious
LR awards Approval in Principle to Qingdao Beihai & CSDC for its methanol dual fuel Aframax
The Approval in Principle comes a result of a joint development project between LR, Qingdao Beihai and CSDC, announced at Marintec China. Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to CSSC Qingdao Beihai Shipbuilding Heavy …
Dec 18, 2023 / Curious
LR awards Approval in Principle to NACKS for methanol-fuelled 81,000 DWT bulk carrier
The AiP marks a milestone for the development of clean energy ship design with new energy saving technology strategies as result of joint development project between LR, NACKS, Minerva and Cargill. The design, which was unveiled with the …
Dec 13, 2023 / Curious
TORM purchases eight LR2 vessels
On 09 November 2023, TORM has entered into an agreement to acquire eight second-hand LR2 vessels that are expected to be delivered in late Q4 2023 and in Q1 2024 for a total consideration of USD 399m, with a cash consideration of USD 239m and the …
Nov 9, 2023 / Vessels
GTT And Deltamarin Secure AiP From Llloyd’s Register For The Design of An LNG Dual-Fuel VLCC
GTT and Deltamarin have obtained an Approval in Principle (AIP) from Lloyd's Register for their innovative design of a dual-fuel Very Large Crude Carrier (VLCC), which incorporates a 12,500m3 LNG tank equipped with GTT's Mark III Flex technology. …
Oct 27, 2023 / Curious
LR awards Approval in Principle for ERMA FIRST’s Carbon Capture & Storage System
Post combustion CCS system absorbs CO2 from a vessel’s exhaust gas that is heated to capture CO2 and then liquefied and stored cryogenically onboard. Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to ERMA FIRST for its amine …
Oct 10, 2023 / Curious
Maersk Tankers ventures into LR1 segment
Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanmar Shipping becoming its first member. The new LR1 pool offers pool management to owners of tankers ranging from 55,000-80,000 tons DWT and builds on …
Oct 5, 2023 / Curious
LR, Cargill, Minerva Dry and NACKS team up to develop new energy efficient and methanol ready Kamsarmax bulk carrier design
The bulk carrier will be methanol and rotor sail ready, excel in energy efficiency and environmental performance following the result of a Joint Development Project. Lloyd’s Register (LR), Cargill International, Minerva Dry Inc. and Nantong COSCO …
Oct 3, 2023 / Curious