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MAN B&W Gas New Liquid ME-GI Engine

The general-cargo carrier newbuilding will be designed by FKAB in Gothenburg, Sweden and powered by MAN Diesel & Turbo’s new Liquid ME-GI engine running on LPG. Pictured here is another FKAB design for an LNG feeder vessel. Image courtesy MAN Diesel & Turbo.

MAN Diesel & Turbo introduced its Liquid ME-GI (Liquid Gas Injection) engine. The Liquid ME-GI is powered by LPG (Liquid Petroleum Gas), a smaller market than LNG but of significance in certain segments such as the small tankers that ply river traffic and coastal shipping routes. The Liquid ME-GI is a variant of MAN Diesel & Turbo‘s ME-GI engine, whose control and safety system is based on the experience gathered since the mid-1990s at working gas plants, including a 12K80MC-GI-S in Japan, and the development of a VOC (Volatile Organic Compound) engine in the late 1990s. The announcement follows closely on the company‘s announcement last autumn that a full-scale type test for its ME-GI concept would take place at its test centre in Copenhagen in 2011. All MAN Diesel & Turbo electronically controlled ME engine types are available in dual-fuel versions with the LPG-fuelled version designated ME-LGI. The Liquid ME-GI engine‘s performance is equivalent in terms of output, efficiency and rpm to MAN Diesel & Turbo‘s successful ME-C and ME-B series of engines. As the Liquid ME-GI engine‘s fuel system has few moving parts, it is also more tolerant of different fuel types and accordingly can run on DME (DiMethyl Ether). DME can act as a clean fuel when burned in suitably optimised engines


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. The Challenger will trade in the Helios LPG Pool. With the acquistion of this newly-delivered Challenger, Dorian LPG currently owns and operates 21 modern VLGCs and one pressurized LPG vessel


Amid Commodity Crisis, LPG Emerges as Accidental Bright-spot

Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia.   LPG is best known to consumers as propane or butane used in heating appliances and vehicles. But it is also used in the petrochemicals industry and the electricity sector, acting as a replacement for diesel in generators and power stations.


Braemar Acquires LPG Connect

Braemar Seascope Ltd, the shipbroking arm of Braemar Shipping Services plc, has acquired the LPG broker and consultant LPG Connect International to form a product broking division called Braemar LPG Connect, to take effect from April 21st, 2009. Braemar LPG Connect will be located in Braemar Seascope’s London office and will be headed by Stuart Anderson who will also be part of Braemar’s Gas Department team, with Allison Isaac-Hierscher joining in operations


Dorian Rings Opening Bell Following NYSE Listing

From Left: Alex Ciaputa (DLPG Corporate Secretary), John Lisee (DLPG Controller), Marina Hadjipateras (DLPG Corp Comm), Alex Hadjipateras (DLPG EVP Business Development), Ted Young (DLPG CFO), John Hadjipateras (DLPG Chairman/CEO), John Lycouris (DLPG (USA) President), Oivind Lorentzen (DLPG Director, Seacor CEO), Peter Hadjipateras (DLPG, Corporate Development Manager), Nigel Widdowson (DLPG, Director)

Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the company’s New York Stock Exchange pricing on Wednesday and first day of trading Thursday. Dorian LPG is a liquefied petroleum gas shipping company and an owner and operator of modern VLGCs


BW LPG Registers 10% Growth in VLGC Fleet

Photo: BW LPG Limited

 Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export.    However, it is still unclear whether this dedicated-feedstock ethylene (five new ethylene plants, two expansions) and propylene production capacity expansion will displace a portion of the olefin production currently coming from flexible-feedstock ethylene crackers (positive for VLGC freight)


Stealthgas Takes Delivery of LPG Carriers

Stealthgas Inc. took delivery of the M/V Sea Bird II on May 18, 2007, the M/V Gas Renovatio on May 29, 2007, the M/V Gas Icon on June 27, 2007, and the M/V Chiltern on June 28, 2007, four LPG carriers that it had previously announced its agreement to acquire, expanding its current fleet to 33 vessels, with a carrying capacity of 141,912 cbm. The M/V Sea Bird II is a 1996 built, 3,518 cbm Fully Pressurized LPG carrier and is employed under a two-year bareboat charter until May 2009 to an


Dorian LPG Takes Delivery of Five Newbuilds

Photo: Dorian LPG

 Dorian LPG Ltd took delivery of five vessels under our ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques and the Constellation.   John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "We took the delivery of five new Eco-design VLGCs this past quarter and are nearing the completion of the build-out of our fleet."  


LPG Carriers – Brighter Outlook

Increasing trade for LPG carriers forecasted Owners of LPG carriers can look forward to increasing trade in 2012, despite the uncertain economic environment and the dampening effect of the mild winter in the northern hemisphere according to Drewry’s latest LPG Forecaster.


Dorian Takes Delivery of 'Constitution'

Eco VLGC Constitution

  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, will be operated in the Helios LPG Pool.  


List: Top Five UK Ship Owners

Photo: Zodiac Maritime

Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.   1-Zodiac Maritime: car carriers, containerships, bulk carriers and crude, product and LPG carriers 


LPG Carrier Makes First Commercial Transit through Expanded Panama Canal

Photo: Panama Canal Authority

On June 27, the expanded Panama Canal opened for commercial transit, and Lycaste Peace, a very large liquefied petroleum gas (LPG) carrier operated by NYK, was the first vessel to complete a commercial passage through the new locks.  


OOCEP Ships First Crude Oil from MGP Terminal

Marsol performing the tanker operations (Photo: Marsol International)

Oman Oil Company Exploration & Production LLC (OOCEP) shipped its first crude oil cargo from the Musandam gas plant (MGP) with the support of UAE-based Marsol International.   OOCEP, a subsidiary of Oman Oil Company S.A.O.C exported 300,000 barrels of crude oil as part of the operation


DNV GL Works with Industry Leaders to Develop a New LPG Carrier

The LPGreen project partners from HHI, Wärtsilä, MAN Diesel & Turbo, CMM and DNV GL in Athens. Photo: DNV GL

 DNV GL has initiated a joint industry project for the design of a state-of-the-art next generation LPG carrier.    LPGreen aims is to develop a more energy efficient, environmentally friendly, and safer vessel for the transportation of LPG products


Iran Halts LPG Exports to Japan

Iran said on Wednesday it had stopped exports of liquefied petroleum gas (LPG) to Japan, but there were other customers available to buy the Islamic republic's LPG, the semi-official Mehr news agency reported.   The report did not give a reason but difficulties for shippers in obtaining


G E Shipping Acquires Secondhand VLGC

Photo Courtesy G E Shipping

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Secondhand Very Large Gas Carrier “Jag Vidhi” (1996 built) of about 76,931 cbm. The company had contracted to buy the vessel in April 2016. With the inclusion of the vessel


G E Shipping delivers Crude Carrier “Jag Laxmi” to Buyers

Jag Laxmi Photo G E Shipping

The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1999 built Aframax Crude Carrier “Jag Laxmi” to the buyers.  The vessel was contracted for sale in April 2016. The Company’s current fleet (excluding “Jag Laxmi”) stands at 31 vessels


Rising VLGCs fleet Impact LPG Freight Rates

Time charter rates Source Drewry Maritime Research

LPG shipping freight rates are forecast to deteriorate further through 2016 as a result of the fast rising fleet of Very Large Gas Carriers (VLGCs) which has already started to impact earnings of smaller vessel classes, according to the latest edition of the LPG Forecaster


Sonatrach Orders LPG Vessel from China

Photo:  Groupe SONATRACH

 Algeria’s state-run oil company Sonatrach has awarded two Chinese firms a $40 million deal to deliver a liquefied petroleum gas (LPG) carrier and an option to provide a second vessel, according to a Sonatrach document seen by Reuters.  


G E Shipping Reworks Newbuildings Kamsarmax Exposure

Jag Laxmi Photo Greatship

The Great Eastern Shipping Company has entered into an agreement to cancel the new building Kamsarmax which was scheduled for delivery in FY 18 (contract signed in FY 14).   Simultaneously, the Company has contracted for purchase of two newbuilding resale Kamsarmaxes being built at the same


AET Buys Paramount Tankers

Photo: AET

 American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary.   AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers


Expanded Panama Canal Begins to Take Transit Reservations

Photo courtesy of ACP

The Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels


Transit Reservations for Expanded Panama Canal Begins

Panama Canal Expansion Photo PCA

Today, the Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels


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


Sibur Targets LPG Exports Growth, Eyes Asia

Dmitry Konov (Photo: Sibur)

Russia's largest petrochemical producer, Sibur plans to boost exports of liquefied petroleum gas (LPG) in 2016-2020 before an increase in domestic demand, Sibur's director general Dmitry Konov told reporters.   Sibur, in which Kirill Shamalov






 
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