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Large Gas Carriers News

10 Jan 2024

Pertamina Aims to Add Six VLGCs in 2024

Ā© faishalabdula / Adobe Stock

Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina, said on Wednesday it plans to add six new very large gas carriers (VLGC) in 2024 as it eyes fleet expansion focused on gas transport.The company this week launched two VLGCs, built by South Korea's Hyundai Samho Heavy Industries, and each vessel has a 91,000 cubic metres capacity, which PIS said is among the biggest in the world.The two vessels were designed to transport liquefied petroleum gas (LPG) as well as ammonia, PIS said in a statement."We plan to add six VLGCs in 2024, starting from the two VL

20 Sep 2023

WinGD and KSS Line Collaborate on Dual-Fuel Ammonia Engines for Gas Carriers

Front (L-R): Carmelo Cartalemi (WinGD, General Manager Global Sales),  Chando Park (KSS Line, CEO)

Back: (L-R) Jaeyun Kim (WinGD Korea, Sales Manager), Kwangsu Ra (KSS Line, Gas Team Leader), Euigap Lee (KSS Line, Head of Marine Affairs Division), Byungsam Ahn (WinGD Korea, Managing Director), Jungsik Park (WinGD Korea, Sr. General Manager)

Swiss marine power company WinGD has signed a memorandum of understanding with KSS Line to explore X-DF-A engines for future newbuild projects. The companies will focus on 52cm- and 62cm-bore versions of the dual-fuel ammonia engines, suitable for midsize and very large gas carriers (VLGC). The scope of the cooperation will extend beyond engine technology, also focusing on the performance and maintenance solutions necessary for using alternative fuel. The partners will also exploreā€¦

22 Aug 2023

Maersk Tankers to Manage Astomos VLGCs

Source: Maersk Tankers

Astomos Energy, the biggest LPG distributor and trader in Japan, has chosen Maersk Tankers as voyage manager for, initially, five very large gas carriers (VLGCs).The Maersk Tankers service includes day-to-day vessel operations, fuel optimisation and claims handling. It covers full post-fixture support from the time the vessel is fixed for a voyage, through its successful execution, to the closure of the voyage books.ā€œWe are honored to commence the partnership with Maersk Tankers, not only pursuing efficient operation but also environmental goals.

13 Apr 2023

ADNOC L&S Adds Five New Very Large Gas Carriers to Fleet

Ā©ADNOC

United Arab Emirates' ADNOC Logistics & Services (ADNOC L&S) has expanded its fleet with the deployment of five new-build Very Large Gas Carriers (VLGC), state news agency WAM reported on Thursday.The carriers of the shipping and maritime logistics arm of state oil giant Abu Dhabi National Oil Company each have a capacity of 86,000 cubic metres. The carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group (Wanhua), WAM added.

22 Nov 2022

Indonesia: Pertamina's Shipping Unit Eyes $3B Investment to Rejuvenate Vessel Fleet

Ā© Carabay/AdobeStock

Pertamina International Shipping, a unit of Indonesia's state energy firm, aims to invest up to $3 billion over the next five years to rejuvenate and expand its fleet, including investing in vessels to transport liquefied natural gas, an executive said. Pertamina International Shipping (PIS) operates more than 400 vessels, including three very large crude carriers (VLCC) and two very large gas carriers (VLGC). "We will invest big in replacing vessels," Wisnu Santoso, a director at PIS told reporters on Tuesday.

19 Oct 2022

Tianjin Southwest Maritime to Convert LPG Carrier Pair for Dual-fuel Operations

(Photo: MAN Energy Solutions)

MAN Energy Solutionsā€™ after-sales division, MAN PrimeServ, has announced the signing of a contract to retrofit two LPG carriers for Tianjin Southwest Maritime Ltd. ā€“ the Chinese liquefied-gas carrier operator. The COSCO Shipping Heavy Industry (Guangdong) yard will host the respective conversions of the individual MAN B&W 6G60ME-C engines aboard the ā€˜Gas Geminiā€™ and ā€˜Gas Aquariusā€™ to dual-fuel MAN B&W 6G60ME-LGIP units capable of running on LPG. The two vessels will be retrofitted in parallel, beginning May 30, 2023.PrimeServ will jointly carry out the work with CMS (CSSC Marine Service Co.

02 Jun 2022

ADNOC L&S to Buy Three New 175,000m3 LNG Carriers

Credit: ADNOC

ADNOC Logistics & Services, UAE-based oil firm ADNOC's shipping and maritime logistics arm, said Thursday it would order three new liquefied natural gas (LNG) carriers. "ADNOC L&S is the regionā€™s largest shipping and integrated logistics company and the state-of-the-art new-build vessels will bolster the companyā€™s capacity as it responds to the growing global demand for LNG," ADNOC L&S said.The new-build LNG vessels, each with a capacity of 175,000m3, are significantly larger than the current ADNOC L&S fleet which have a capacity of 137,000m3 each.

12 Apr 2022

ADNOC L&S Orders Two LNG Carriers from China's Jiangnan Shipyard

ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has ordered two newbuild 175,000 cubic meter LNG carriers that will join its fleet in 2025. "The new LNG vessels will be crucial enablers of ADNOCā€™s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its liquefied natural gas (LNG) production capacity. They will be built at the Jiangnan Shipyard in China," ADNOC L&S said.Captain Abdulkareem Al Masabiā€¦

19 Jan 2022

Alfa Laval Sees Growing Orders for FCM LPG Fuel Supply Systems

(Image: Alfa Laval)

Alfa Laval reports it is experiencing increased demand for solutions related to liquefied petroleum gas (LPG) as fuel, having seen notable orders for the Alfa Laval FCM LPG in recent months as the marine industry focuses on decarbonization. The low-flashpoint fuel supply system (LFSS) that can work seamlessly with LPG cargo handling systems.Given its lower CO2 footprint compared to traditional marine fuels, LPG is a logical step in decarbonizing the vessels that transport it, Alfa Laval said.

20 Dec 2021

New Marine Terminal Commissioned in Houston

(Photo: Vopak)

Vopak Moda Houston, LLC announced that its marine terminal in the Port of Houston is fully operational. Formed in 2016, Vopak Moda Houston is a joint venture between Royal Vopak and Moda Midstream. Located in Houstonā€™s refining and petrochemical corridor and in close proximity to multiple ammonia, hydrogen and nitrogen pipelines, Vopak Moda Houston is the first greenfield terminal development in the Port of Houston in more than a decade.Designed to handle very large gas carriers (VLGC)ā€¦

23 Sep 2021

BV Approves Design for World's Largest Gas Carrier

(Image: CSSC Group)

Classification society Bureau Veritas said it has issued novel design approval for what will be the worldā€™s largest very large gas carriers (VLGC).The new 93,000-cubic-meter (CBM) capacity Panda 93P VLGC design has been developed by Jiangnan Shipyard, part of the CSSC Group (China State Shipbuilding Corporation), as an evolution of of the shipyardā€™s Panda gas carrier series, featuring optimized hull-form to allow increased cargo capacity without significant increases in fuel consumption.

21 Sep 2021

HHI & KSOE Receive AIP for Ammonia Carrier

(Image: HHI / KSOE)

Bureau Veritas (BV) has delivered an approval in principle (AIP) to Hyundai Heavy Industries Co., Ltd. (HHI) and Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) for its innovative design and development of an ammonia carrier with ammonia-fueled propulsion.Ammonia, which continues to gain interest as a marine fuel worldwide, is one of the main alternative fuel options currently considered by shipping for net zero operations, in line with the targets set up by the Internationalā€¦

22 Mar 2021

Dorian LPG to Install Kongsberg Digitalā€™s Vessel Insight

(Photo: Dorian LPG)

Kongsberg Digital announced that Dorian LPG (DK) ApS, a subsidiary of Dorian LPG Ltd., owner and operator of very large gas carriers (VLGC), has contracted to install Vessel Insight to its entire fleet of 22 liquefied petroleum gas (LPG) carriers. The agreement is expected to commence operation in the upcoming months.By installing Vessel Insight, Dorian is consolidating collection of all critical data from its entire VLGC fleet into one common infrastructure. The company aims to gain insight into signals coming from the fleetā€™s assets and enable realization of data-driven operations.

25 Feb 2021

ADNOC Adds Six VLCCs

Abu Dhabi National Oil Company (ADNOC) revealed Thursday that its shipping arm ADNOC Logistics & Services (ADNOC L&S) has added six very large crude carriers (VLCC) to its fleet as the UAE sate energy company expands production and moves further into trading.Two of the tankers were purchased from Norwegian owner Hunter Group in 2020, delivered in December and are already operating, and one was purchased this week and will be joining the UAE shipowner's fleet shortly. The other three ships (plus options) are newbuilds scheduled for delivery from South Korea's Daewoo Shipbuilding & Marine Engineering in 2022 and 2023."Given recent market conditions, we were able to purchase both existing and newbuild vessels at competitive prices," said Capt. Abdulkareem Al Masabi, CEO, ADNOC L&S.

08 Feb 2021

NYK Orders Pair of LPG Dual-Fueled VLGCs

Rendering of an LPG dual-fueled very large gas carrier (VLGC) ordered by NYK. (Image: NYK)

Japanese shipping company NYK ordered its first liquefied petroleum gas (LPG) dual-fueled very large gas carriers (VLGCs), a pair of ships to be built at Kawasaki Heavy Industriesā€™ Sakaide Works shipyard for delivery in 2022.According to NYK, the new VLGCs will comply not only with the SOx Global Cap regulations that were tightened from January 2020 but also with the EEDI phase 3 requirements.In addition, by equipping the ships with LPG tanks on deck, it will be possible to load LPG for fuel separately from the LPG cargo.

16 Dec 2020

BW LPG Opts for Additional LPG Retrofits

(Photo: BW LPG)

BW LPG announced it will retrofit three additional vessels to make them dual fuel capable, brining to 15 the number of its ships slated to be equipped for running on both fuel oil and liquefied petroleum gas (LPG).The Oslo-listed shipowner, part of the BW Group, announced in 2018 that it would initially equip four very large gas carriers (VLGC) with the novel propulsion solution. Later, two four-vessel options were confirmed with this new three-vessel option making a total ofā€¦

30 Nov 2020

BW LPG Sells Two Gas Carriers

BW LPG has entered into memorandums of agreement (MOA) to sell two very large gas carriers (VLGC) BW Confidence and BW Cedar, the Singapore-based shipowner announced Monday.BW Confidence was built in 2006 and has a carrying capacity of 83,270 cubic meters. The sale is expected to generate approximately $36 million in liquidity and an expected net book gain of approximately $4 million. The sale and delivery of the vessel to its new owner is expected to be completed in the first quarter of 2021.BW Cedar was built in 2007 and has a carrying capacity of 82,260 cubic meters. The sale is expected to generate a net book gain of approximately $3 million.

07 Sep 2020

Golden Ocean CFO Resigns. Successor Joins from Avance Gas

Dry bulk shipping company Golden Ocean Group said Monday that Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, had resigned.Heiberg has held the CFO since April 2016 and has worked for the company in various capacities since July 2005.Oslo-listed Golden Ocean, which owns or controls a fleet of 78 dry bulk carriers, has appointed Peder Simonsen as the new CFO of Golden Ocean Management AS. Simonsen was most recently the Chief Financial Officer and Interim Chief Executive Officer of Avance Gas AS, a company specializing in very large gas carriers.Before joining Avance Gas AS in 2014, he was First Vice President at Nordea Bank Norge ASA, where he worked with large shipping and offshore companies.

10 Feb 2020

BW Lines Up Four More LPG Conversions

(Photo: BW LPG)

Singapore-based ship owner BW LPG said it exercised an option for the delivery of four additional liquefied petroleum gas (LPG) dual-fuel engines. With this, BW LPG has committed to retrofit eight vessels with pioneering propulsion technology.In August 2018, BW LPG announced its plans four very large gas carriers (VLGCs) in its fleet with LPG dual-fuel engines ā€“ a world's first.The ship owner, together with classification society DNV GL, Wärtsilä Gas Solutions and MAN Energy Solutionsā€¦

26 Jan 2020

Exmar Secures FLNG, VLGC Financing

Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The documentation for the release of the restricted cash has been signed and the effective release will occur within the coming days.In the meantime the TANGO FLNG has exported its second cargo for YPF in December 2019 and the third cargo is being produced.Exmar has two Very Large Gas Carriers under construction at Jiangnan, due for delivery in the course of 2021.The two vessels will each enter a fiveā€¦

17 Dec 2019

Avance Gas Orders LPG VLGC Duo at DSME

Avance Gas Holding, a company engaged in the transportation of liquefied petroleum gas (LPG), has entered into shipbuilding contracts for two 91,000 cbm,  LPG dual-fuel very large gas carriers (VLGCs) with South Koreaā€™s Daewoo Shipbuilding and Marine Engineering (DSME).The Norwegean LPG shipping firm said that the vessels are are scheduled for delivery in Q4 2021 and Q1 2022.The transaction enhances the green profile of the Avance Gas fleet while increasing its competitiveness. The state of the art dual-fuel propulsion system will significantly lower fuel consumption, reduce fuel costs and reduce emissions compared to any VLGC on water.The outlook for the freight market is healthy, supported by continued strong US LPG exports and growing Asian demand.

10 Dec 2019

BW LPG's CEO Martin Ackermann Resigns

BW LPG Limited, owner and operator of LPG vessels,  said that Martin Ackermann has decided to step down as CEO at the end of this year for family reasons, after five years leading the company from Singapore.Anders Onarheim, a non-executive director of BW LPG since 2013 and former Managing Director of Carnegie, will act as interim CEO of BW LPG.Martin Ackermann, CEO of BW LPG, said: ā€œIt has been a privilege to lead BW LPG through some challenging years and to see it continue as a strong platform for the futureā€.Andreas Sohmen-Pao, BW LPG Chairman, said: ā€œOn behalf of the Board of Directors, I would like to thank Martin for his contributions over the past five yearsā€¦

27 Oct 2019

Exmar Reports Strong Earnings for VLCCs

Belgium's Exmar, the Nicolas Savery-led shipowner, reported strong earnings for the very large gas carriers (VLCCs), and midsize gas carriers for the the third quarter of 2019. The current trading fleet of Exmar in the VLGC segment is the 83,300 m³ BW TOKYO. During the quarter the vessel has been extended to a first-class counterpart at a profitable rate to Exmar in line with strong market fundamentals.The two 88,000 m³ next generation dual fuel newbuildings with a long-term charter to Equinor are progressing according to schedule with expected delivery second and third quarter 2021, respectively.Exmar as player in the midsize marketā€¦

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