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Gas Carriers

Bergesen Sells Gas Carriers

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.


Russian LNG Carrier Launched

LNG carrier Velikiy Novgorod: Photo credit SCF

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 Allies with Ship Management Company

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 Declares Further Newbuilds

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


USCG Addresses Future of Marine Fuels

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.  


GAC to Showcase Bespoke Services for Gas Carriers at Gastech

Courtesy GAC

  GAC is showcasing its full range of ship agency and related services for gas carriers at the Gastech, where GAC’s groundbreaking ‘HullWiper’ ROV system will also be on display. Launched in late 2013, the HullWiper Remotely Operated Vehicle (ROV) system offers an eco-friendly, diver-free and highly efficient hull cleaning solution that helps LNG carriers to save time and money on their hull cleaning requirements in port.


Daewoo Shipbuilding Gets Order From Exmar

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.


BW Group's 1H Performance Better than Expected

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


Exmar Optimistic About Gas Carrier Market into 2015

Photo: Exmar

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


Mitsui Shipbuilding Acquires TGE Marine

Photo: TGE Marine Gas Engineering GmbH

 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


Mangalore Port to Roll out LNG Terminal, Ro-Ro Service

Photo: New Mangalore Port Trust

 India's New Mangalore Port Trust (NMPT) Chairman P.C. Parida said the port is confident of completing work on the proposed Liquified Natural Gas (LNG) terminal which shall be operational in 2017.   NMPT is the first Indian port to start the Ro-Ro service from Mangaluru to Hazira port


Keppel, BG Group JV to supply LNG Bunkers in Singapore

BG Group and Keppel to fuel ships with LNG in Singapore Photo BG Group

First delivery of LNG bunker expected to commence in 2017 Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of


VARD's LNG Tank gets DNV GL Approval

The tank is the result of a joint industry project (JIP) initiated by VARD and DNV GL Photo DNV GL

VARD’s new LNG tank design has been granted General Approval for Ship Application (GASA) by DNV GL. The new LNG-type B-tank design is based on vertical cylindrical-shape geometry and has a patented support design. The tank is the result of a joint industry project (JIP) initiated by VARD


Recent Vessel Sales - January 2016

Vessel sales for January 2016 (as of February 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 1/27 - ASIAN TIDE - 7,365 - 08(8) - $1.3 1/20 - SHUEI - 19,968 - 12(4) - $9


JHW Engineering, Evergas Ink Tanker Deal

Kevin Zhu, CEO of JHW, and Philippe Rochet, Executive VP of JACCAR Holding, on behalf of EVERGAS

  Evergas and JHW Engineering & Contracting have entered into an agreement for the construction of four option two INEOS MAX 32,000M3 liquefied ethane/ethylene carriers. The INEOS MAX 32,000M3 liquefied ethane/ethylene carriers are expected to carry a range of innovative features


LR Establishes New Notion for LFPF

Lloyd’s Register (LR) has developed a new notation for low-flashpoint fuels (LFPF), allowing owners and shipyards to demonstrate that their design and construction meet requirements.The notation will come into effect as of January 1, 2016, as part of LR’s and Regulations.


Evergas Orders Four Ethylene Vessels

Pic: Evergas

 Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more.    The contract for the four newbuildings, each sized 32,000 cu m, has also been signed by Hong Kong engineering company JHW Engineering &


Alphatron, Exmar Ink Maintenance Contract

Photo: Alphatron Marine

Alphatron Marine has signed a full service maintenance contract with EXMAR Shipmanagement covering six gas carriers to ensure optimized operation and reduce daily running costs for the next five years. The gas carriers are fitted mainly with JRC equipment


Dorian Acquires ECO VLGC Challenger

LOGO

  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 Challenger from Hyundai Samho Heavy Industries.  The Challenger is Dorian LPG's 18th newbuilding delivery


Dynagas LNG Partners Acquires LNG Carrier

Photo:  Dynagas LNG Partners LP

 Dynagas LNG Partners LP has entered into an agreement with Dynagas Holding Ltd to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier


As Freight Rates Fall, LNG Shippers Brace Consolidation

Faltering LNG demand, growing tanker fleet drag on freight rates. Shippers who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely to face a wave of consolidation and asset sales, with freight rates plunging as a growing fleet clashes with tepid demand.


Coast Guard, Industry Navigate Future of Liquefied Gas

Chris Smith, the Department of Energy assistant secretary for Fossil Energy, speaks at Sector Houston-Galveston Dec. 9 to prepare for the increased use of liquefied gases throughout the maritime community and gain a deeper understanding of the intricacies each party faces as they adapt to the rapid growth in this multibillion dollar industry. (U.S. Coast Guard photo by Andrew Kendrick)

Senior U.S. Coast Guard leaders and liquefied-gas-industry experts from around the country came together the second week of December at Sector Houston-Galveston to prepare for the increased use of liquefied gases throughout the maritime community and gain a deeper understanding of the intricacies


Icy Blast Putting The Big Freeze On Shipping Heat?

Graphics: Clarksons Research

 In Western Europe temperatures so far this winter have remained resolutely mild. However, the global shipping markets remain in general fairly icy, Clarksons Research.   From time to time, shipping market investors still manage to repel the market chill and turn up the heat with their


Recent Vessel Sales - December 2015

Vessel sales for December 2015 (as of January 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 12/10 - AMINE BULKER - 28,700 - 07 - (8) - $6.3


Russian Class for New FSRU

Russian Maritime Register of Shipping

A Floating Storage Regasification Unit (FSRU) will be built to the class of Russian Maritime Register of Shipping (RS). The agreement on classification of FSRU under construction has been signed between RS and Hyundai Heavy Industries, the Republic of Korea.   






 
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