Russia to Build Far East Metal Plant to Supply Arctic Shipbuilding
MOSCOW, Nov 25 (Reuters) – Russia plans to build a metals plant in the Far East at an estimated cost of $2.2 billion and supply steel sheet to the Zvezda...
Singapore-based shipbuilder Sembcorp Marine announced today a $4 million investment to acquire a 12 percent stake in GraviFloat AS, a Bergen-based firm that has developed a modularized, re-deployable gravity-based LNG/LPG terminal concept.
GraviFloat’s terminals can be designed as either LNG import/regasification or export/liquefaction terminals, as a mobile unit for stranded gas production and liquefaction, or perhaps for temporary production of associated gas to support oil production, notes Sembcorp.
The system can incorporate either Moss-type or membrane LNG containment systems and can be tailored for use in many different bottom types, according to GraviFloat.
GraviFloat was incorporated in Norway in 2006 as a spin-off of European naval architecture/marine engineering firm LMG Marin. Should this concept take hold in the industry, Sembcorp Marine has been given the right to increase their equity stake by up to 20% via a subsequent equity investment.
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