Japan's First LPG-fueled LPG Carrier Named
Kawasaki Heavy Industries, Ltd. held a naming ceremony at Sakaide Shipyard for the liquefied petroleum gas (LPG)-fueled LPG carrier Crystal Asteria, which is being built for Kumiai Navigation (Pte) Ltd.The 229.9-meter newbuild is Japan's first dual-fuel LPG carrier, capable of running on both LPG and low-sulphur fuel oil. It is scheduled for delivery during 2021.At the ceremony, the vessel was named by Mr. Yagi, Representative Director and Executive Vice President of Astomos Energy Corporation and his wife…
ABS to Class Innovative Moss-type LNG Carriers
To be built in Ulsan, Korea, the ships will feature energy efficient reheated steam turbine engines. ABS, a provider of classification and technical services to the maritime industry, has been awarded a contract for the classification of two innovative 'Moss-type' LNG carriers to be built in Korea for Malaysia's Petroliam Nasional Bhd (Petronas). The 150,200-m3 capacity ships will the largest Moss-type units ever built at Hyundai Heavy Industry's shipyard in Ulsan, Korea, featuring the latest technology to improve energy efficiency and operational reliability.
Latest Global Ocean Trade Shipbuilding Orders
The past week was relatively quiet with no shipbuilding orders seen in the tankship or gas carrier sector, according to the latest Clarkson Hellas S&P Weekly Bulletin. A large order of twelve firm plus eighteen option 64,000 DWT Ultramax vessels was placed from Minsheng Financial Leasing at their compatriot yard in China, CIC Jiangsu. The vessels will be delivered from 2015. Victoria Steamship contracted one firm plus three option 95,000 DWT Bulk Carriers at Jiangsu Eastern due for delivery from 3Q 2015 onwards.
Bergesen Forecasts Strong Tanker Markets, Less Scrapping
Norwegian shipping group Bergesen d.y. ASA predicts that tanker markets would stay strong due to good demand for oil, but that the number of vessels sold for scrap would fall in 2000. The company, one of the world's top shipping groups, reported a fall in pre-tax earnings to $10.2 million from $19.8 million in the first quarter of 1999. "The tanker market is expected to stay strong in future due to the lifting of OPEC's production restraints as well as good growth in oil consumption," company officials said. OPEC and other nations including Norway relaxed restrictions on oil production from April 1 after a surge in prices to nine-year highs in early 2000.
