Experts from Braemar LNG Group gave a full audience a short overview relating the technical, commercial and market trends of the often very complex world of LNG shipping, during London’s International Shipping Week.
Andy Bright, Director of Braemar Engineering, concentrated on the advanced technology and very precise engineering requirements around containment systems and propulsion options. Mr Bright also said that the group was in advanced stages of approval for a new containment system designed by Braemar, particularly suited to small scale LNG including bunkering although not size limited.
Andrew Selby Bennett, Commercial LNG Shipping, Braemar ACM London, focused on the relevance of the technical specifications to the commercial decisions, demonstrating the importance to the value of the speed and consumption on the differing types of 125-175,000 cubic metre vessels.
Jordan Neil, Senior LNG shipping Broker, London, gave a market overview of tonnage supply and demand, with LNG trading with Japan being the highest importer in 2016 with 32% of the overall market.
Denis Petropoulos, Director of Braemar Shipping Services, summed up by saying:
“Our involvement in the design of a new type of containment system may be ground breaking, potentially useful in small scale LNG, such as distribution of smaller parcels as well as bunkering. There is no reason the system cannot be larger competing with those we are already familiar with.”