World News
Babcock Granted AiP from LR for Efficiency-Boosting LNG Reliquefaction Tech
Babcock International Group (Babcock) has announced that it has received Approval in Principle (AiP) from Lloyd's Register (LR) for Babcock's liquefied natural gas (LNG) MR reliquefaction system, designed to address issues of excess boil-off gas (BOG) in carriers utilising dual-fuel propulsion engines with high efficiency.
"Our ecoSMRT technology can provide significant operational benefits to LNG carriers and is a testament to our ground-breaking design capabilities, developed along with long standing partner, HHI (Hyundai Heavy Industries Co., Ltd.), and with valuable input from LR," said Alan Duckett, Technical & Sales Director for Babcock LGE Process.
"It is an exciting time for Babcock, as we introduce new technological solutions for LNG carriers as well as shuttle tankers (ecoVOCC) and LNG GSV (FGSV0)."
The AiP was presented to Babcock this week at Gastech 2017 in Tokyo.
"There is lots of discussion at the show around efficiency, so it is very fitting to be able to recognise Babcock's LNG reliquefaction system, ecoSMRT," said Jose Navarro, Principal Gas Technology Specialist at LR.
The presentation is noted to come on the heels of news that Babcock's LGE Process would be used as part of a collaboration with ExxonMobil, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council in the "Caledonia LNG" project.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
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| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
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| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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