Through a joint venture company, Chevron Corp. and Mitsui & Co. have awarded Kawasaki Heavy Industries with
a contract for the construction of two 82,200 cu.m. Liquefied Petroleum Gas
) carriers, with delivery expected during the last quarters of 2001 and 2002, respectively. Financial details of the contract were not disclosed.
The vessels will be designated on a long-term charter to Dynergy Global Liquids, and operated by Chevron. They are expected to enhance Dynergy's ability to move large volumes of LPG at competitive market rates.
With a laden speed of 17 knots, the vessels will transport volumes of propane and butane to global markets, as well as being able to trade to eastern and western hemisphere markets.