Braemar gives LNG shipping market analysis at LISW
Experts from Braemar LNG Group gave a full audience a truncated overview relating the technical, commercial and market trends of the often very complex world of LNG shipping.
Andy Bright, Director, (Braemar Engineering) concentrated on the advanced technology and very precise engineering requirements around containment systems and propulsion options. 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 /photo/(Senior LNG shipping Broker, London) gave an insightful market overview of tonnage supply and demand, with LNG trading with Japan being the highest importer in 2016 with 32% of the overall market.
The commercial team started in the UK 15 years ago and has expanded into the Americas and Far East servicing the increasing spot markets as well as maintain relationships with the project markets.
Denis Petropoulos, Director of Braemar Shipping Services plc summed up his colleagues’ presentations 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.
“The group has extensive experience in the major LNG construction yards in Korea, Japan, as well as China and our technical expertise has been called into the conversions and construction of FSU’s and FSRU’s in Singapore. Being located in the major shipping centres serving the Atlantic, Europe, Africa and the Middle East, where many of our major customers are based, we are also involved with onshore projects.”
Braemar Shipping Services Plc:
Braemar Shipping Services Plc is a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy and insurance industries. Its shares are listed in the premium segment of the Official List of the UK Listing Authority and are admitted to trading on the London Stock Exchange's Main Market for listed securities in the Industrial Transport Sector.
It business is organised into four divisions: Shipbroking, Technical, Logistics and Environmental.
The Shipbroking division - trading as Braemar ACM Shipbroking - provides chartering, sale and purchase and consulting shipbroking services to international ship owners, charterers and financial institutions operating in the tanker, gas, chemicals, offshore, container and dry bulk markets. Expanded in 2014 following the merger of Braemar Shipping Services Plc with ACM Shipping Group Plc, Braemar ACM Shipbroking has offices in the UK, USA, Norway, Italy, Dubai, India, China, Singapore and Australia.
This division provides a range of marine consulting and advisory services to clients operating the energy, marine and insurance markets. This division operates as four distinct, but commonly branded, businesses often with overlapping markets and services. The businesses are as follows:
- Braemar Adjusting: This business provides loss adjusting, risk assessment and dispute resolution services to the international insurance market in relation to the insurance of risks arising out of the energy (oil and gas), marine and power sectors. Braemar Adjusting has offices in the UK, USA, Singapore, Canada, Brazil and Abu Dhabi.
- Braemar Offshore: This business provides specialised marine and engineering consultancy services to the offshore oil and gas industry. The principal services provided by Braemar Offshore are in the performance of pre-risk marine warranty surveys. Braemar Offshore has offices in Australia, China, India, Indonesia, Malaysia, Singapore, Thailand and Vietnam.
- Braemar, incorporating The Salvage Association (also referred to as Braemar SA): This business provides marine consultancy and surveying services to clients operating in the shipping, energy (oil and gas) and insurance markets. It has a network of offices in Asia, Europe and the USA that principally undertake hull and machinery damage surveys for the insurance industry.
- Braemar Engineering: This business provides consultant marine engineering and naval architecture services to clients operating in the shipping and offshore oil and gas markets. Braemar Engineering has offices in the UK and the USA. It has a particular expertise in the transportation of liquefied natural gas (LNG).
Logistics: The Logistics business, trading under the name of Cory Brothers, provides ship agency, freight forwarding and logistics services principally for ship owners and charterers from its bases in the UK, Singapore and the USA.
Environmental: Trading as Braemar Howells, this business provides pollution response and environmental services primarily in the UK and Africa. It has earned an international reputation for its work for the insurance industry in handling containers from stricken vessels.