Latest Tankers Bulkers Containers along with their 210,000-cbm to 215,000-cbm Q-Flex cousins, were all This paper presents a comprehensive review and 10-years update of the sustainability research related to Liquefied Natural Gas (LNG) worldwide for the period between 2010 and 2020. The Q-Flex vessel, Al Sahla, is the largest LNG carrier to call at the terminal since the start of its operations in 2016. 3 These LNG carriers are propelled by slow-speed diesel engines Q Flex LNG carrier Mesaimeer. Read more to see my analysis of FLNG stock and why it's a hold. Photo: Panama Canal Authority The Panama Canal welcomed the largest liquefied natural gas tanker to ever transit Feb 10, 2024 · Nakilat is the world’s largest LNG shipping firm in terms of capacity and its vessels transport LNG from QatarEnergy’s giant Ras Laffan LNG complex to clients around the globe. Timing: Platts assesses LNG Delivered Ex-Ship (DES) markets in half-month cycles, and the FOB Gulf Coast 30-60 days forward from the date of publication. Nov 24, 2023 · Its fleet consists of 9 M-type, Electronically Controlled, Gas Injection ("MEGI") LNG carriers, and 4 Generation X Dual Fuel ("X-DF") LNG carriers built between 2018 and 2021. Qatargas, the world’s largest LNG producer, said on Monday that Al Safliya, a Q-Flex vessel with a cargo carrying capacity of 210,000 cbm of LNG, completed the 82-kilometer transit on May 12. Oct 20, 2022 · Doha - Qatar — Qatargas Operating Co. As of 6/30/2022, it owned and operated 9 M-type electronically Thus this study born by the request of Ege Gaz Aliaga LNG Terminal management to determine if it is safe to berth to the terminal by a new breed of large LNG carrier type named as Q-Flex and Q-Max. THE ME-GI ENGINE. Oct 7, 2019 · With a cargo-carrying capacity of 217,000cbm each, the four LNG carriers have been operated and managed in-house by Nakilat’s ship management arm, Nakilat Shipping Qatar Limited (NSQL), since 2014. Mar 30, 2022 · LNG 선의 크기는 운송 용량에 따라 컨벤셔널급 (1 만 7500~18 만 ㎥) 과 Q-flex 급 (약 21 만 ㎥), Q-max 급 (약 26 만 ㎥) 등 Q 클래스로 나뉜다. Their mission: Assist with the overhaul of 31 of the world’s top LNG carriers, the Q-Flex line. Feb 9, 2024 · FLEX LNG's Q4 earnings were steady, with slightly improved results versus Q3. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS. The company’s LNG fleet has a combined carrying capacity of over 9 million cubic meters, or some 12 percent of the global LNG fleet carrying capacity, according to Nakilat. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda. This is the dynamic change in shipping. In July 2021, the first delivery of LNG with a Q-Max carrier was made by Qatargas to the Krk LNG terminal in Croatia. Aug 12, 2015 · Rodrigo Vilanova, Petrobras’ Executive Manager for Gas & Power Marketing and Trading, said that receiving the fully loaded Q-Flex vessel increases the company’s capacity to receive larger LNG ships in Brazil. The operation involved the Qatargas Mar 13, 2024 · Flex LNG trades at a solid 11. Feb 14, 2024 · Qatar’s Nakilat owns 14 Q-Max LNG carriers built by Hanwha Ocean (DSME) and Samsung Heavy between 2008 and 2010, and they all transport LNG from the giant Ras Laffan LNG complex in Qatar to customers around the globe. A vessel could cost $200 million. Nakilat’s Q-flex liquefied natural gas (LNG) carrier ‘Al Ghashamiya’ has recently achieved a significant safety milestone of more than 10 years without lost time injury (LTI) or total Aug 21, 2015 · In turn today’s behemoths, the 216,000m 3 Q-flex and 266,000m3 Q-max ships built to carry Qatari LNG exports, put 170,000m 3 vessels into the shade. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. Transas Bridge Simulator NTPRO 5000 series was used in this study for extensive experiments which had been simulated by the use of hook function. 000 cubic meters which equals to 161. The Q-Max ships are so named to reflect their native country of operation and the maximum vessel length which can easily be accommodated into the Qatari harbour and port facilities. Pronav Ship Management, the vessel’s manager, said the 210,000-cbm Al Safliya (built Flex LNG Ltd. Jan 17, 2024 · LNG shipping firms, including Flex LNG, are rerouting carriers away from the Red Sea due to threats from Houthi rebel attacks, with alternatives like the Cape of Good Hope being used. It also delivered its first LNG on a Q-Flex carrier for the Al-Zour LNG receiving terminal in Kuwaits commission. S. Jun 23, 2022 · June 23, 2022 Hamilton, Bermuda. Jul 18, 2024 · Flex LNG Stock (NYSE: FLNG) stock price, news, charts, stock research, profile. (NYSE:FLNG), through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. In today’s estimate, I used the last data from Fearnley’s weekly , which was $264 Q-Flex and Q-Max LNG Carrier Orders Increasing Again. This was the first time that Qatargas used the large vessel to deliver 260,000 cubic meters of LNG to a costumer. Q-Max LNG carriers are unique and purpose built for Nakilat and allow for more Q-Max is a type of ship, specifically a membrane type LNG carrier. stock news by MarketWatch. The ME-GI engine gives shipowners and operators the option of utilizing oil or gas fuel depending on relative price and availability, as well as environmental considerations. FLNG owns and operates a fleet of LNG carriers. Oct 25, 2022 · Larger-size vessels in other sectors, such as the dry bulk, tanker and container – and, of course Q-Max and Q-Flex LNG vessels – evolved to take advantage of economies of scale. is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). The company’s fleet currently includes 24 conventional LNG carriers, 31 Q-Flex vessels (210,000-217,000 cbm), 14 Q-Max vessels (263,000-266,000 cbm), and also one Feb 7, 2024 · FLEX LNG Ltd. Mar 31, 2022. 1 day ago · FLNG | Complete Flex LNG Ltd. Feb 23, 2024 · Flex LNG is an LNG shipping company with a fleet of thirteen modern LNG carriers on the water, all with the latest generation two-stroke propulsion (MEGI and X-DF). Oct 28, 2015 · The Qatar fleet comprises 14 Q-Max and 31 Q-Flex LNG carriers, all using dual MAN Diesel Turbo's S70-ME low-speed diesel engines for propulsion. Flex LNG had been previously listed on the Oslo stock exchange; it will now be dual-listed. LNG is natural gas stored and transported in liquid form at atmospheric pressure at a temperature of –161°C (–256°F). Including these eight Q-Max carriers, Hudong-Zhonghua will build in total 20 LNG carriers as part of the shipbuilding program. May 3, 2019 · A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas Mar 23, 2017 · Nakilat claims that this is part of the planned and phased transition, which was announced on 19 October 2016. Transit through the Panama Canal will considerably reduce voyage time for LNG from the U. 344 meters . Engels and his fellow employees overhauled the Atlas Copco companders and compressors at the heart of these ships’ on-board reliquefaction plants. (Ticker: FLNG) will be traded ex dividend of USD 0. Introduction. The Company’s business is focused on the operation of its long-term charters for its fleet. About Flex LNG. Up to 10 Q-Max vessels Jan 9, 2024 · Nakilat’s fleet currently includes 24 conventional LNG carriers, 31 Q-Flex vessels (210,000-217,000 cbm), 14 Q-Max vessels (263,000-266,000 cbm), and also one FSRU. 00/share annualized dividend. Fleet | Nakilat … QLNG Transport, LLC (“Q-LNG”) was formed to own and operate assets providing marine transportation of liquefied natural gas (“LNG”), commencing with a long-term contract with Shell Trading (U. Al Sahla was loaded with 205,000 cubic metres of LNG on 14 September at Ras Laffan Port, and called at Beihai LNG Terminal, located in the Tieshan Port Industrial Zone in Beihai Zhuang Autonomous region, in the Guangxi Find the latest FLEX LNG Ltd. Panama City, Panama, May 13, 2019 – The Panama Canal yesterday welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit … Continue reading "Panama Canal The Q-Flex LNG carrier Al Safliya, which is larger than 200,000 cm, became the first Q-Flex type LNG vessel and the largest LNG carrier by cargo capacity to transit the Panama Canal in May 2019. Sep 12, 2023 · If constructed, CSSC's ship would be the world's largest, and bigger than Qatar's Q-Flex ships at 210,000 cu m and Q-Max ships at 266,000 cu m. Al Ghashamiya is one of 18 vessels being operated and managed in-house by Nakilat, with the fleet comprising of 14 LNG and change the characteristic of LNG carriers (Starosta, 2007). Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Image courtesy of Qatargas. . Feb 1, 2019 · Nakilat currently has 65 LNG carriers, out of which 20 are conventional LNG ships with a capacity of 145,000-170,000 cu m, 31 Q-Flex ships of 210,000-217,000 cu m, and 14 Q-Max ships of 263,000-266,000 cu m. and change the characteristic of LNG carriers (Starosta, 2007). Oct 7, 2019 · Qatari LNG transport company Nakilat has taken the full ownership of four Q-Flex LNG carriers from its joint-venture partner, International Seaways (INSW). com . . S Gulf Coast to markets in northern Asia. DOHA, Qatar – Qatargas has delivered the first cargo of liquefied natural gas via a Q-Flex vessel to the Summit LNG FSRU, stationed offshore Bangladesh. May 14, 2012 · The RasGas integrated shipping fleet consists of 27 LNG vessels, ranging from 14 conventional sized tankers to some of the world s largest state-of-the-art LNG tankers, – 12 Q-Flex tankers These include the world’s second largest LNG carriers, the Q-Flex vessel, which have a capacity of 1. A large number of Chinese long-term LNG contracts on an FOB delivery basis has driven up the LNG newbuild demand. 875 per share for the third quarter of 2023 as of today, November 27, 2023. Illustration; Image Courtesy: Nakilat The move follows the execution of a sale and purchase agreement for the acquisition of the remaining 49. The size and capacity of LNG carriers has increased significantly, [7] to 170,000 cubic metres (6,000,000 cu ft). 6 bcf equivalent of natural gas, as compared to ships received to date of 138,500 cubic metres (one Q-Flex shipment fills approximately half of Canaport LNG’s storage) Qatari Q-Flex (210,000 cu m) and Q-Max (260,000 cu m) carriers are not assessed directly, though they may be normalized to the standard volume. In a span of just seven months in 2012, the team saw 15 Q-Flex vessels come through the shipyard. Jan 11, 2021 · The largest LNG carriers of the world – the Q-Max vessels belong to the Qatari oil shipping cumulate, Qatar Gas. Jan 12, 2021 · Qatari natural gas company Qatargas has announced the first ship-to-ship (STS) transfer of a liquefied natural gas involving one of its Q-Flex LNG carriers. Feb 24, 2023 · A Q-Flex LNG carrier has become the largest vessel of its type to make a laden transit of the Panama Canal. Each of the 14 Q-max LNG carriers in service is 345m in length and able to carry a cargo providing nearly 6 trillion BTUs of energy, enough to heat 70,000 homes in North America for one year or Jan 24, 2017 · When Q-Flex carriers depart from anchorage and enter the channel, an abnormal situation may occur in the fairway ahead. FLEX LNG Ltd. May 8, 2019 · Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to Flex LNG is an LNG shipping company with a fleet of thirteen modern LNG carriers on the water, all with the latest generation two-stroke propulsion (MEGI and X-DF). 5-Bcf to 5. At 50 meters wide, the Al Safliya is Jul 19, 2024 · Among other features, the Q-Flex has a cargo-carrying capacity of 210,000 cubic meters, while the Q-Max has a capacity of 266,000 cubic meters, both well above the standard 150,000 cubic-foot Jan 13, 2021 · In the same year, the 210,100 cubic metres capacity Q-Flex carrier “Al Safliyah” became the largest LNG carrier to transit the Panama Canal at the time when it sailed from the Pacific to the Atlantic side and then proceeded to the US export plant at Sabine Pass to break new ground in trading activities by lifting another cargo. 000 cubic meters of natural gas. View real-time stock prices and stock quotes for a full financial overview. May 13, 2019 · Less than three years since its inauguration, the Expanded Panama Canal commemorates a milestone transit by a Q-Flex vessel, the world’s second largest LNG tanker class. Sep 5, 2023 · Hudong-Zhonghua is dubbing its new LNG mammoth the Q-Type, to distinguish it from the existing 14 Q-Max LNG carriers of 263,000-cbm to 265,000-cbm owned by Nakilat and chartered to QatarEnergy and Jan 23, 2024 · Mr. Flex LNG is listed on New York Stock Exchange and Oslo Stock Exchange under the ticker FLNG. It has set a new record for super-large LNG ship handling and unloading, and the resource transfer efficiency has reached a new high. In September last Jun 30, 2016 · Only the 45 largest LNG vessels, 4. Transportation of liquefied natural gas (LNG) has recently been transformed by the development and construction of the Q-Flex and Q-Max LNG carriers to transport LNG from the large liquefaction trains for the Qatargas 2-4 and RasGas 3 ventures in Qatar. Assuming that cargoes (LNG) for the LNG carriers which Qatar Energy ordered to HD HHI are fixed, if their specification is changed to a 210,000-cubic-meter LNG carrier, the cargo volumes will A Q-Max is longer than three football pitches and can carry 266,000 cbm of LNG, while a Q-Flex carries up to 216,000 cbm. For example, an emergency may happen in the terminal where the Q-Flex LNG carrier has to make a turn and evacuate when it enters the key section B–C in Figure 4. May 14, 2019 · The Q-Flex tanker–which measures 315 metres in length and 50 metres in beam with an overall cargo capacity of 210,000 cu m of LNG–transited northbound from the Pacific to the Atlantic Ocean. Jul 1, 2009 · The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. The company also offers chartering and management services to other natural gas carriers. Nakilat on Wednesday assumed full ship management and operations of Q-Flex LNG (liquefied natural gas) carrier Al Kharaitiyat from Shell Trading and Shipping Company (Shell). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion. May 13, 2019 · The Al Safliya LNG carrier has become the first Q-Flex type carrier and the largest LNG vessel to transit the Panama Canal. Telephone: +47 23 11 40 00. The Q-Max has 80% more capacity than conventional LNG carriers with about 40% lower energy requirements due to the economies of scale created by their size and the efficiency of the engines. Today’s the biggest LNG carrier is a giant of a ship “Q” type LNG carriers with 345 meters length over all and has a cargo capacity of a 266. Vessel AL GHASHAMIYA (IMO 9397286, MMSI 538003353) is a LNG Tanker built in 2009 and currently sailing under the flag of Marshall Islands. Sep 18, 2023 · If constructed, CSSC’s ship would be the world’s largest, and bigger than Qatar’s Q-Flex ships at 210,000 cu m and Q-Max ships at 266,000 cu m. has delivered an LNG cargo aboard a Q-Flex vessel to China's Beihai LNG Terminal, the first call by a Qatargas-chartered vessel at this terminal. May 3, 2019 · A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time… Wednesday, July 10, 2024. The company does not have an official dividend policy but it aims to distribute free cash to investors as it becomes available. Jul 18, 2008 · The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. Aug 26, 2010 · The largest LNG carrier to dock at Dragon LNG’s Waterston terminal arrived in Milford Haven on Monday 16 August; just over 12 months after the terminal greeted its first LNG vessel. This Jun 3, 2021 · Lauritzen said the LNG carriers will be built with a Mark III Flex plus cargo-containment system that will give them a natural cargo boil off of 0. The Murwab is the first Q-Flex vessel to offload at Dragon LNG and has sailed from Ras Laffan, Qatar, with over 150,000 cubic metres […] Their mission: Assist with the overhaul of 31 of the world’s top LNG carriers, the Q-Flex line. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) is pleased to announce new Time Charter Agreements for Flex Rainbow, Flex Enterprise and Flex Amber which are the three open positions we have been marketing. Liquefied gas occupies a volume corresponding to 1/600 of the product in the gaseous state, which brings a remarkable economic value for transportation and st Jan 10, 2024 · After that, QatarEnergy signed charter deals with MOL for three new carriers, and five LNG carriers with a consortium of Japan’s NYK, K Line, Malaysia’s MISC, and China LNG Shipping. ). Q-Flex and Q-Max LNG Carrier Orders Increasing Again Share Q-Flex and Q-Max LNG Carrier Orders Increasing Again By Michael Herh A Q-Max LNG carrier Samsung Heavy Industries built in 2008 Q-Flex and Q-Max LNG carrier ordering is being resumed this year after a hiatus of about 10 years. NWS-Class NWS-class LNG carriers are associated with the Northwest Shelf Project in Australia and are managed by Shell Tankers Australia. In the name Q-Max, "Q" stands for Qatar and "Max" for the maximum size of ship able to dock at the Liquefied natural gas (LNG) terminals in Qatar. May 3, 2019 · A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas Apr 12, 2022 · The world's second largest Q-Flex LNG carrier "Al Sadd" completed the 205,000-cubic-meter LNG receiving and unloading task at the Qingdao LNG Terminal of Natural Gas Branch, marking the Qingdao LNG Terminal. Flex LNG agrees 24 years of backlog for three LNG carriers. Ships of this type are the largest LNG carriers in the world. The Q-Max has 80 percent more capacity than conventional LNG carriers with about 40 percent lower energy requirement Jan 12, 2021 · Qatargas hails first commercial STS from Q-Flex LNG carrier Middle East exporter supplies a conventional-size vessel in Subic Bay transfer 12 January 2021 18:35 GMT Updated 13 January 2021 11:35 GMT Feb 27, 2023 · New LNG carrier concepts based on Bastion B containment systems will initially focus on designs with capacities of 235,000 m3, with an eye on the longhaul trade, which is dubbed ’M-Flex’ to mirror ’Q-Flex’ May 13, 2019 · The Panama Canal Authority announced Monday that it has successfully handled the first transit of a neopanamax-sized Q-Flex LNG carrier, the Al Safliya. Nov 27, 2023 · November 27, 2023 Hamilton, Bermuda. [6] Since 2005, Qatargas has pioneered the development of two new classes of LNG carriers, referred to as Q-Flex and Q-Max. Ltd. The vessel has a cargo carrying capacity of 216 312 m3, and is wholly owned by Nakilat, and chartered by Qatargas. 3 days ago · Today Flex LNG and its network of subsidiaries provide seaborne transportation of liquified natural gas globally. Email: ir@flexlng. Aug 26, 2022 · Flex LNG Ltd. 5 times compared to conventional LNG vessels and which can reliquefy boil-off gas to deliver the maximum volume to buyers. 14. 17 and delivered to the FSRU on Jan. Jan 1, 2014 · New larger LNG ships called Q-Flex (with capacity of about 216,000 m 3 of LNG) and Q-Max (with capacity of up to approximately 265,000 m 3 of LNG) were built to service long-distance supply chains from the large liquefaction trains commissioned in Qatar between 2009 and 2011. It has a young, modern fleet all with XDF or MEGI propulsion The Q-Flex can carry 216,000 cubic metres of LNG, or roughly 4. RasGas’ fleet consists of 27 long-term chartered LNG vessels including 14 conventional ships, 12 Q-Flex and one Q-Max vessel. Jan 28, 2020 · Offshore staff. Energy requirements will be Today’s the biggest LNG carrier is a giant of a ship “Q” type LNG carriers with 345 meters length over all and has a cargo capacity of a 266. is an owner and commercial operator of fuel efficient, fifth generation liquefied natural gas (LNG) carriers. 9% ownership interest in these vessels from the Oct 15, 2019 · Qatargas Operating Co. The cargo was loaded onto the Qatargas-chartered Al Safliya at Ras Laffan Port on Dec. 7% yield, considering a minimum $3. 065% per day — the lowest available in the Apr 17, 2024 · In February, I used a price for a new LNG carrier equipped with last-generation propulsion at $262 million. BV says carrying as much as 200,000 m 3, these LNG carriers are able to transport larger cargoes over longer distances than standard 174,000-m 3 vessels. (FLNG) stock quote, history, news and other vital information to help you with your stock trading and investing. ) Company to deliver LNG as a fuel source to various ports in Florida and the Caribbean. “This May 13, 2019 · The Q-Flex LNG carrier Al Safliya transits the Expanded Panama Canal, May 12, 2019. May 13, 2019 · Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to nearly 3 million safe man-hours. The Companyâ s business is focused on the operation of its long-term charters for its fleet. Jan 1, 2009 · 1. Dec 1, 2014 · The Mooring Pattern Study for Q-Flex Type LNG Carriers Scheduled for Berthing at Ege Gaz Aliaga LNG Terminal December 2014 TransNav the International Journal on Marine Navigation and Safety of Sea Mar 30, 2023 · Middle East giant in talks with shipyards for LNG carriers as it pivots to China trades. 994. Flex Lng Company Info. Its executives rang the opening bell and the stock closed up 2 percent on its debut day. The shares in Flex LNG Ltd. It also provides Jun 18, 2019 · On June 17, the stock of liquefied natural gas (LNG) carrier owner Flex LNG (NYSE: FLNG) began trading in the U. Flex LNG, Ltd. Flex LNG is an LNG shipping company with a fleet of thirteen modern LNG carriers on the water, all with the latest generation two-stroke propulsion (MEGI and X-DF). Sep 7, 2007 · OSG Nakilat's Q-Flex carriers will be able to each transport 216,000 cubic metres of LNG, approximately 40% more than the standard LNG vessels in service today. 7-Bcf capacity Q-Flex and Q-Max tankers used for exports from Qatar, will not be able to use the expanded canal. has delivered the first cargo of LNG on a Q-Flex vessel to the FSRU Excellence offshore Bangladesh, part of the Moheshkhali LNG terminal. Demand for LNG carriers. Photo: Qatar Gas. This is in addition to the other 10 LNG and 4 LPG carriers under NSQL management. In depth view into FLNG (Flex LNG) stock including the latest price, news, dividend history, earnings information and financials. qo fd fh ht yd hu qo dw vj bu