Flammable Cryogenic Liquid Carriers Thank You to the Seminar Sponsor Saturday, March 19, 2016 Newport County, Rhode Island, USA Seminar Provider and Host Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 1 Agenda & Topics Morning 0830 - 1230 01 Introduction 02 LNG Properties and Characteristics 03 LNG Hazards 04 LNG Industry overview Afternoon Interactive Work Shop 1330 – 1630 05 LNG Fuel Vessel Design and Construction 06 Fuel Tanks and Fuel Supply Systems 07 Gas Atmosphere Measuring, Control and Monitoring, Venting, Inerting, unique repair hazards Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 2 04 LNG Industry LNG Industry Overview Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 3 Liquefaction: How LNG is made Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 4 Why LNG? Emissions Reduction: May reduce requirement for potentially expensive, limited supply low sulfur MDO / HFO Doesn’t require exhaust aftertreatment- scrubbers, SCR Potential cost advantage over MDO / MGO Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 5 Environmental Requirements - ECAs Source: Dieselnet.com Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. Arctic Shipping 6 Marine Fuel Sulfur Limits 40 CFR 80.510 Non-Road, Locomotive, Marine (NLRM) diesel fuel: (c) Beginning June 1, 2012. all NRLM diesel fuel is subject to the following per-gallon standards: (1) Sulfur content 15 ppm (.0015%) maximum. (2) (40CFR 80.511) …and shall apply to all NRLM diesel fuel beginning December 1, 2014 for all locations. Table 2. MARPOL Annex VI Fuel Sulfur Limits Date 2000 2010.07 2012 2015 2020a Sulfur Limit in Fuel (% m/m) SOx ECA 1.5% 1.0% Global 4.5% 3.5% 0.1% 0.5% a - alternative date is 2025, to be decided by a review in 2018 Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 7 Economics Natural Gas in the US is priced at the Henry Hub (Erath, LA) Published daily Recent price $4.60 /MMBtu LNG per gallon price $0.38 = DGE price (1.7x) = $2.33 Recent diesel price = $3.78 , savings = $1.43 / gal Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 8 2015 World LNG Prices Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 9 Availability Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 10 LNG use in the marine sector Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 11 North American LNG fueled vessels Harvey Gulf : 6 OSVs in GOM Tote: 2 3000teu container ships Crowley: 2 3000teu container ships APT: 6 LNG-ready tankers STQ Ferries: 2 car/pass ferries for St Lawrence SeaSpan: 2 truck ferries for BC BC Ferries: 3 car/pass ferries for BC Transport DesGagnes: 2 asphalt carriers Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 12 LNG Barges Above: Bunker Barge for Ferry Viking Grace (Sweden) Top Left: bunker barge now building at Conrad, Orange TX, for TOTE LNG bunkering service Left: LNG America Concept barges with deck mounted type C Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 13 HGIM Storage in Port Fourchon Initially for HGIM use LNG fuel service may be made available for 3rd party users Supplied by truck External fixed pump 500gpm, ~100m3/hr Up to 210,000 gal/~800 m3 storage (subject to confirmation) Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 14 Planned LNG Facility in Jacksonville Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 15 Proposed LNG Facility in Tacoma Puget Sound Energy (PSE), plans to build a $275 million Liquefied Natural Gas (LNG) facility at the Port of Tacoma The facility will provide LNG fuel for maritime vessels owned by TOTE Expected to be completed and fully operational by 2018 Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 16 Methane Pioneer: 55 years of LNG shipping On January 25th 1959, the MV Methane Pioneer left the Calcasieu River on the Louisiana Gulf coast with the world’s first ocean cargo of LNG and sailed to the UK where the LNG was delivered Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 17 LNG Fuel Vessel Considerations • • • • • LNG fuel is not the solution for every operator– the more fuel you burn, the more economically viable it is likely to be The more time spent in the ECA, the more viable it is likely to be Most newbuilds indicate a 20% premium to construction cost vs conventional Generally cheaper to build new than convert - design one, build many (?) Consider ALL costs: – Additional infrastructure for transportation, storage and distribution – Regulatory compliance, regulatory authority engagement, public relations – Crew training, terminal and vessel manpower requirements, limitations on simultaneous operations – Additional planning, risk assessment, engineering, project management and development costs – Insurance and risk management – Documentation: Operations Manuals, Fueling Procedures, Approvals, Certifications – Future air emissions / carbon compliance requirements – Future availability and cost of diesel – Game Changer / Disrupter : Engine or fuel technology, external event, accident, regulatory change Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 18 End of Section Questions? Copyright © 2016 United States Maritime Resource Center, Inc. All Rights Reserved. 19