Newport Shipping signs deal with Chinese LGM Engineering

Source: press release, 26 August 2020

illustration: Newport Shipping
illustration: Newport Shipping

Newport Shipping has announced it will be working with global LNG market service provider Gloryholder Liquified Gas Machinery (DL) Co., Ltd (LGM Engineering), as part of its LNG solutions offer to the market.

Newport Shipping aims to meet its clients’ environmental needs through cooperation with leading companies in their field. Meeting the future demands of cutting emissions and decarbonising the industry will need trusted and proven technology.

The agreement between the two companies was signed on 10th February 2020 and will see LGM Engineering supply Newport Shipping’s LNG retrofit projects with its LNG solutions.

In June LGM Engineering signed a contract to design and supply an LNG fuel gas supply system for two 13,000 DWT Chemical Tankers with Jiangsu New Yangzi Shipbuilding Company Limited (YZJ). The ship owner is Tarbit Tankers B.V, and the classification society is Bureau Veritas (BV).

The complete LNG fuel gas supply system delivered by LGM Engineering includes the design and manufacture of double vacuum insulated LNG fuel tanks with integrated tank connection space (TCS), LNG bunkering station modules, water glycol system, ESD systems, gas detection system, installation guidance, commission, crew training etc.

Gloryholder Liquefied Gas Machinery (DL) Co., Ltd is an engineering company specialised in design and EPC turnkey deliveries of marine LNG fuel gas supply systems and cargo handling systems for gas carriers and LNG bunkering ships. LGM Engineering’s services include system design, equipment manufacturing, full package of equipment delivery, installation & supervision, commissioning and crew training.

Newport Shipping UK LLP is registered in the United Kingdom specialising in providing comprehensive drydocking services for ship repair works, purchase and timely delivery of owners’ extras (spare parts, paint supply) as well as specialised maintenance, equipment upgrades (BWTS, scrubbers) and turnkey LNG retrofits. The Group cooperates with a strategic network of 12 shipyards with 28 docks capable of handling all vessel sizes and approximately 2,100 dockings annually across the Atlantic and Pacific trading zones. Utilising Newport’s extended payment services, the Group is able to minimise cash outlay for shipowners. Newport Shipping is registered in London and has presence in all major shipping centres – including Athens, Oslo, Istanbul, New York, Shanghai, Singapore and Hamburg.