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TMC supplies compressor for a second Höegh LNG FSRU

Mon 15 May 2017 by Karen Thomas

TMC supplies compressor for a second Höegh LNG FSRU
Höegh LNG chartered two new FSRUs last year and hopes to repeat that achievement this year

Tamrotor Marine Compressors (TMC) is to supply a marine compressed air system to a second floating storage and regasification unit (FSRU) being built for Höegh LNG.

Norway-based TMC will deliver the marine compressed air system to South Korean shipbuilder Samsung Heavy Industries (SHI). The contract comprises two 44 kW service air compressors and two 44 kW control air compressors.

TMC will not disclose the contract value for supplying the compressed air system to the 170,000m³ FSRU newbuilding.

TMC says the vessel will be delivered in spring 2019. Its contract with Samsung Heavy Industries also includes options to supply up to three similar compressed air systems to the additional FSRUs that the shipyard may build for Höegh LNG. The three Höegh options have delivery dates pencilled in for one unit in 2019 and two in 2020.

TMC had already landed two contracts this spring to supply compressors to FSRU newbuildings; one with Daewoo Shipbuilding & Marine Engineering for a BW LNG vessel, and a previous order with Hyundai Heavy Industries (HHI) for a similar 170,000m³ vessel for Höegh LNG.

Höegh LNG has yet to charter the SHI-built vessel in question. The shipowner’s strategy is to keep one FSRU open for projects under tender. It has six FSRUs in operation, four under construction and three options apiece at SHI and at HHI.

FSRU demand is outpacing that for conventional LNG carriers. Six new contracts were awarded last year. Speaking last month at Gastech in Tokyo, Höegh LNG chief executive Sveinung Støhle told LNG World Shipping: “We are expecting four to six new projects a year… Last year, we won two and our objective this year is to win two again.”

 

Read our exclusive interview with Höegh LNG chief executive Sveinung Støhle. Coming soon on LNGworldshipping.com