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Gas Carrier

PRISCO Starts Construction of Gas Carrier

Construction of a gas carrier for MOL/K Line/PRISCO began at Mitsui Engineering and Shipbuilding in the city of Chiba, Japan. Currently underway is the assembly of the ship's hull and the manifold as well as the assembly of gas tanks having complicated technical structure. At the same time, underway are the tests of the gas carrier's different systems. Source: FIS


Agreement Promotes LNG Carrier Construction

Pictured (from left to right): Sergey Frank, CEO, OAO Sovcomflot; Dmitry Mironenkov, Vice President, JSC United Shipbuilding Corporation; Nikolai Grigoriev, Director of Global Shipping & Logistics, Gazprom Marketing & Trading and Mikhail Ayvazov, CEO, Russian Maritime Register of Shipping

On June 21, 2013 under the auspices of the St. Petersburg International Economic Forum a number of agreements were signed between Gazprom Marketing & Trading (GM&T), Russian Maritime Register of Shipping (RS), JSC United Shipbuilding Corporation and ОАО Sovcomflot (SCF) to promote Russian content in LNG carriers construction projects. To ensure LNG shipping by sea from the Gazprom Group projects Vladivostok LNG and Sakhalin-2


Daewoo Gets $1.22b Order to Build Gas Carriers

Daewoo Shipbuilding & Marine Engineering Co., said it has received a $1.22b order to build five liquefied-natural-gas carriers. The deal calls for Daewoo Shipbuilding to supply four of the five carriers for Qatar Gas Transport Co. Ltd., and one for an unidentified European company, the company said in a regulatory filing. Source: Yonhap


Gas Carrier Grounded by Tropical Storm

Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier SCF Tomsk which ran aground Monday. Dominican Republic authorities have established a Unified Command to coordinate salvage operations between local agencies and the marine industry responding to the incident. The Nodrog Shipping Corporation owned vessel has hired marine salvage company Titan to conduct salvage operations


Korean Shipbuilders Gain Brunei LNG Carrier Order

Brunei Gas Carriers Sendirian Berhad, BGC, orders its fourth large LNG carrier from Hyundai Heavy Industries Brunei Gas Carriers Sendirian Berhad, BGC has entered into an agreement for the construction of a new LNG Vessel with Hyundai Heavy Industries Limited of the Republic of Korea and arranged financing with both local and international financial institutions. The Minister of Energy at the Prime Minister's Office in his speech said that the signing was important to the country as it


MES Expands Gas Carrier Lineup

Mitsui Engineering & Shipbuilding Co., Ltd. (MES), foreseeing the effects of the shale gas revolution to maritime industries, has been developing new type medium size multi gas carrier for sea transport of liquefied natural gas (LNG) and co-product of shale gas such as ethane and ethylene gas (LEG). In the coming decade, LNG carriers (LNGC) may probably be classified into large scale LNGC and medium scale LNGC centering on the hub ports over the world, the builder said.


Grand Bahama Shipyard Completes LNG Training

Grand Bahama Shipyard has received Certification to verify that it recently successfully completeda "Liquid Natural Gas Carrier " training and familiarisation programme run by Det Norske Veritas. Aware of the special features of LNG Carriers and the specific requirements that they have during their dry-docking and repair programmes, the shipyard commissioned DNV to devise a customised course to address all the issues that arise with these Specialised Vessels.


SABIC Contracts Two New LNG-Powered Tankships

Saudi Basic Industries Corporation (SABIC) says it is the world's first chemical company to commission LNG-run gas carriers. SABIC's new tankships will be powered by liquefied natural gas (LNG) to transport its olefins products, in anticipation of a European Union directive to drastically reduce sulphur emissions from vessels operating in the North Sea by 2015. The two new gas carriers will be used to transport olefins from a major plant on Teesside, England


Brevik Gets Okay for Gas Containment System

LNG containment concept. Image by: Brevik Technology

 ABS has granted Approval in Principle (AIP) to a new gas containment system concept designed in Norway by Brevik Technology, a Vard subsidiary.   The containment system uses a series of independent, cylindrical IMO Type-B tanks and for the AIP was designed for application in a gas carrier of 30,000 cbm.   ABS assessed the concept against the requirements of the International Gas Code, ABS Rules and the ABS Guide for Liquefied Gas Carriers with Independent Tanks


GE Shipping Buys VLGC

Greatship Logo

The Great Eastern Shipping Company Ltd. (G E Shipping) has contracted to buy a Secondhand Very Large Gas Carrier (1996 built) of about 76,931 cbm. The Japan-built vessel will be delivered to the company in Q1 FY 2016-17. The Company’s current fleet stands at 32 vessels, comprising 23 tankers (8 crude carriers, 14 product tankers, 1 LPG carrier) and 9 dry bulk carriers (4 Kamsarmax, 5 Supramax) with an average age of 10.4 years aggregating 2.5 mn dwt.


DryShips Expands to Gas Carrier Market with Four New VLGCs

Image: DryShips Inc.

 DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer,  George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum


Laugfs Buys Third LPG Carrier Vessel

Photo: LAUGFS Holdings

 Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas,  has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports  Lanka Business Online quoting company sources.  


Dryships to Expand into VLGC sector

The Table

DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas


DryShips exercises option for Chartered VLGC

DryShips Inc Marshall Islands registered company Courtesy DryShips

 DryShips Inc. announced today that it has exercised its first option under the previously announced option agreement to acquire one Very Large Gas Carrier (“VLGC”) currently under construction at Hyundai Heavy Industries (“HHI”) for a purchase price of $83.5 million


World’s Largest Ethane Carrier Delivered

Ethane Crystal is the world’s first very large ethane carrier (VLEC) (Photo: SHI)

The world's first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to India’s Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI), representing a significant milestone for the gas shipping industry.


ClarkSea Index Competition: Beware The Traps!

Graph: Clarksons Research

 The predictions of the value of the ClarkSea Index are always illuminating, indicating how market watchers feel the shipping markets may pan out in the coming year, as well as shedding light on how well they have fared in avoiding potential forecasting ‘traps', says Clarksons Research


Parker Bestobell Secures $5mln Contract

Photo courtesy of Parker Bestobell

Parker Bestobell Marine, a  supplier of cryogenic valves and part of Parker, a global leader in motion and control technologies, has secured a nine vessel order,  worth $5m, making it the single biggest order that the company to date.  


Ethane Carrier GasChem Beluga Delivered

Photo: Hartmann Reederei

On November 11 the first vessel of the new ECO STAR 36k type, GasChem Beluga, was delivered to the owners Ocean Yield ASA in China. The design for this new type of vessel was developed under the lead of German ship owner Hartmann Reederei together with its long-term partners HB Hunte Engineering


Vessel Oversupply to Persist in the VLGC Shipping Sector

Graph: Drewry Shipping Consultants Limited

 High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.  


SVEZA OK'd to Supply Plywood for LNG Carriers

GTTs auditor signs of plywood samples for qualification tests. (Photo: Sveza)

SVEZA Ust-Izhora plywood mill recently obtained the GTT (Gaztransport & Technigaz) Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group is a leader in birch plywood production


Tough Times in Shipping Fleet Demolition

 Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, says Clarksons Research.   Across the total shipping fleet


AET for Improved Crack, Corrosion Detection

Acoustic Emissions Wiring - George Wang Photo ABS

ABS has published the ABS Guidance Notes on Structural Monitoring Using Acoustic Emissions. This industry-leading guidance presents best practices for planning and executing Acoustic Emission Testing (AET). “A primary goal at ABS is to improve safety without interrupting operations


Great Ships of 2016: Ethane Crystal

(Photo: SHI)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Ethane Crystal - World’s Largest Ethane Carrier


World's Largest Ethane Carrier Loads Its First Cargo

(Source: Maritime Reporter & Engineering News)

The ABS-classed Ethane Crystal, the world’s first Very Large Ethane Carrier (VLEC) -- and a Maritime Reporter & Engineering News "Great Ship of 2016" as profiled in the December 2016 edition -- has loaded its first shipment of ethane cargo at Enterprise Products Partner’s


DryShips Closes New Revolving Facility from Sifnos

Image: DryShips Inc.

 DryShips Inc has signed definitive documentation with Sifnos Shareholders Inc for the previously announced refinancing of the majority of its outstanding debt under the new senior secured revolving facility.   Under the terms of the New Revolver






 
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