Bergesen has sold the gas carriers Havsol and Havbris, both 12,000 cbm, built in 1976 and 1977 respectively. Havsol was s old for scrap, while Havbris was sold to Greek interests for continued operation. Delivery is expected to take place within end of May 2003. The sale will generate an insignificant sales profit in secondBergesen Sell Gas Carriers Bergesen has sold the gas carriers Havsol and Havbris, both 12,000 cbm, built in 1976 and 1977 respectively. Havsol was sold for scrap, while Havbris was sold to Greek interests for continued operation. Delivery is expected to take place within end of May 2003. The sale will generate an insignificant sales profit in second quarter 2003.
Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels ordered by SCF from STX Offshore & Shipbuilding Co. Ltd and her construction is scheduled to be completed in December, 2013
Drydocks World announced that an Alliance Agreement has been signed with EXMAR Shipmanagement Drydocks World, whose business is in ship repair, conversion and new building, has announced that it has signed an Alliance Agreement with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry. The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement
Navigator Holdings Ltd. today announced that it has exercised its last remaining option to construct a 22,000 cubic meter gas carrier at Jiangnan Shipyard (Group) Co Ltd. in China at the previously agreed construction price of $44 million, with the vessel scheduled for delivery in March 2016. Furthermore, Navigator has entered into a contract with Jiangnan to construct a 35,000 cubic meter gas carrier for delivery in April 2016
Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter and was expected to remain good in spite of new vessels being delivered in 2015. The group said its LNG business unit generated $8.5 million in operating profit in the third quarter, up from $7.8 million last year, while its LPG fleet saw an earnings spike to $15.6 million from $5
The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S. Coast Guard’s (USCG) Liquefied Gas Carrier National Center of Expertise (LGC NCOE) were Lt. Cmdr. Anthony Hillenbrand and Scott LaBurn.
South Korean shipbuilders are profiting more than ever from selling high-value units such as offshore plants and liquid gas carriers, according to a Korea Times report. Daewoo Shipbuilding and Marine Engineering has already won a record-high $7 billion in building orders this year. Such high performance was largely affected by the sales of four offshore oilrig units, which amounted to $1.9 billion in total. The company also has recorded steady sales of LNG carriers
Daewoo Shipbuilding & Marine Engineering Co. has won a $270 million order to build a liquefied natural gas carrier and refit three other LNG carriers for Exmar N.V. of Belgium. According to reports, Daewoo will deliver the vessels by 2005. The vessels are capable of carrying 4.83 million cubic feet of liquefied natural gas each and will be chartered to Houston, Texas-based El Paso Global LNG.
Moody's Investors Service says that operating results of BW Group (Ba2 negative) in 1H 2012 were better than expected, largely because of the higher charter rates achieved by the company for its vessels. "We had expected BW Group's performance to weaken, as many of its vessels were coming off profitable time-charters in 1H and it was increasingly exposed to deteriorating spot-market rates. However, spot rates, especially in the gas carrier segments, either held up or improved
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas tanks and gas handling systems TGE Marine AG to expand its foothold within the market for medium sized multi-gas carriers. MES acquired 1,209,489 ordinary shares in TGE from Caledonia Investments plc, Gasfin Investment S.A. and Dr. Küver GbR, the partnership belonging to the CEO of TGE
Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction. The facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with Coordinator
Vessel sales for September 2015 (as of October 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 9/16 - VAN ORCHID - 28,341 - 09 - (6) - $10
The 2002-built, 8,850-dwt freighter Flinterstar is owned by Dutch shipping firm Flinter has sank after colliding nearly head on with the Marshall Islands-flagged LNG carrier Al-Oraiq in the North Sea off Belgium on Tuesday morning.
Deltamarin Ltd and Brevik Technology AS, a VARD affiliate, have joined forces to develop a novel multigas carrier design concept that combines the design of Deltamarin’s B.Delta and the new-generation patented cylindrical gas tanks by Brevik Technology.
DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development of standards guiding gas fuel transfer operations in ports has lagged behind, as the maritime industry focussed on developing
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it took delivery of the ECO VLGC Constitution from Hyundai Samho Heavy Industries. Constitution, Dorian LPG's eighth newbuilding delivery
Lloyd's Register informs that new stability instrument requirements will apply to all tankers constructed (keel laid) on or after January 1, 2016. These ships will be required to fit an approved stability instrument, capable of verifying compliance with intact and damage stability requirements.
Vessel sales for August 2015 (as of September 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 8/24 - MA SIK RYONG - 18,612 87 - (28) - $1
Dorian LPG, an owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it has taken delivery of the ECO VLGC Commodore from Hyundai Samho Heavy Industries and the ECO VLGC Cresques from Daewoo Shipbuilding and Marine Engineering ("DSME")
Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which operates the world's fourth shipbuilding facility in Subic Freeport Zone, unveiled the first-ever Philippine-made Liquefied Petroleum Gas (LPG) carrier. The ship was ordered by Belgian shipping company Exmar
The Global Marine Technology Trends 2030 report released today indicates that: * Momentum and capability for a significant evolution in ship design and operation is now building – the report presents design scenarios for commercial ships in 2030
Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) informs it has received orders for the construction of two next-generation liquefied natural gas (LNG) carriers that will primarily carry shale gas produced in North America.
The first ethane-powered ship, JS Ineos Insight, the leading ship in a series of eight 27,500-cubic-meter multi-gas Dragon-class vessels being built at Sinopacific, China, for Denmark’s Evergas, was named on July 14. The new vessels configured for transport of ethane, LPG or LNG
On October 1 two new wholly owned group companies of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's ship construction operations in the Nagasaki district will commence business operations. Mitsubishi Heavy Industries Shipbuilding Co., Ltd
The Indian Register of Shipping (IRClass) held the first meeting of its Advisory Committee in Singapore. The purpose of the committee, which draws members from Singapore’s leading maritime and offshore companies, is to give expert guidance to IRClass in strengthening its