ChevronTexaco Orders Two LNG Carriers

Monday, May 09, 2005
ChevronTexaco Corp. ordered two LNG carriers from Samsung Heavy Industries of South Korea to support the planned growth in the company’s LNG business.

The new LNG carriers will have a capacity of 154,800 cubic meters each. Both carriers will be of membrane-type design and equipped with dual fuel diesel-electric propulsion. The two carriers are planned for delivery in 2009.

ChevronTexaco Global Gas President John Gass said: "ChevronTexaco has large holdings of natural gas resources in the Pacific and Atlantic Basins. The new LNG carriers will enable ChevronTexaco to safely deliver reliable and competitive energy services to our customers."

Gass noted, "It is important that our company invest now to meet the growing demand for energy in the future." He added, "ChevronTexaco is making good progress at securing market access for its LNG supply projects. This latest commitment provides ChevronTexaco with a flexible and competitive means of transportation to underpin the company’s LNG growth strategies."

ChevronTexaco Shipping President Mike Carthew said: "ChevronTexaco is committed to bringing its strong record of safety, reliability and environmental performance to the operation of this newest generation of LNG carriers. The order for two LNG carriers marks a milestone for ChevronTexaco by complementing the various LNG export and import terminals the company is developing worldwide."

The two LNG carriers will be operated by ChevronTexaco. The company currently operates a fleet of approximately 30 oil and gas tankers.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Ballast Water System Retrofits for 11 Containerships

Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS), Wärtsilä announced today.

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Asia Tankers-VLCC Rates Will See More Volatility

VLCC market to be "hot" in Q4 -VLCC broker. Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel

Finance

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

US Oil Drillers Cut Rigs as Crude Prices Collapse

U.S. energy firms cut a surprisingly sharp 13 oil rigs this week, the first drop in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4130 sec (2 req/sec)