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LIQUIFIED NATURAL GAS CARRIER (LNG)

?. LIQUIFIED NATURAL GAS CARRIER (LNG). What is LNG ?. Liqui Natural Gas. fied. O. Natural Gas. Natural Gas. At Minus 260 Fahrenheit (162 C). O. Reduces to 1/600 of its original volume. Vessel insulation is crucial !. MEMBRANE TYPE LNG VESSEL LAYERS OF INSULATION. BALLAST

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LIQUIFIED NATURAL GAS CARRIER (LNG)

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  1. ? LIQUIFIED NATURAL GAS CARRIER (LNG)

  2. What is LNG ? Liqui Natural Gas fied O Natural Gas Natural Gas At Minus 260 Fahrenheit (162 C) O Reduces to 1/600 of its original volume Vessel insulation is crucial !

  3. MEMBRANE TYPE LNG VESSEL LAYERS OF INSULATION BALLAST WATER Then 4 layers of insulation OUTER HULL INNER HULL 1.8 metres (6 feet) 2nd layer Insulation 2nd Membrane 1st layer Insulation 1st Membrane

  4. Top LNG Vessel Operators at 25 January 2008 (by cubic meters) Current world fleet total = 32,621, 390 cub mtrs On order, a further 24,968,000 cub mtrs = 76.5% increase in current world fleet Stasco total could be 12,245,000 cu.m. Source: Maritime Business Studies LLP http://www.coltoncompany.com/

  5. Top LNG Vessel builders at 25 January 2008 (by cubic metre capacity) Where the current world fleet of 32,621,000 cu.m. capacity was built Where the newbuildings totalling 24,968,00 cu.m. are now being constructed ..and so after the current orders are built, (assuming no scrappings) the world fleet will have been built in the following countries… Source: Maritime Business Studies LLP http://www.coltoncompany.com/

  6. The sheer SIZE of these new vessels ! The view INSIDE one prismatic tank The MOSSTANK design Images courtesy of UK P&I Club

  7. LNG CARRIER INSURANCE ISSUES Current cost to build between $180,000,000 - $290,000,000 (152,000 cu.m.) (270,000 cu.m.) BILL $22,000,000 + “Sloshing” Damage Claims BILL $35,000,000 + Containment Systems Claims Has led to Total Loss Insulation adhesive weakness claims The only yards with repair capability……. ……are too busy building new ones !

  8. L.N.G. Carriers Just 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 207098 E-mail Marion.J.Paul@marsh.com

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