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Liquid Gas Carriers News

13 Jun 2019

Marine Fuels: New Guidance for Low-Flashpoint Fuels

Logo: ClassNK

ClassNK has released Guidelines for Ships Using Low-Flashpoint Fuels (Methyl/Ethyl Alcohol / LPG).As the maritime industry is increasingly under regulatory mandate to reduce emissions, alternatives to diesel have been a focal point in recent years. These alternative fuels have lower flashpoints compared to traditional fuels, therefore particular attention needs to be given to ensuring adequate safety precautions when using low-flashpoint fuels in order to decrease the potential risk of fire and explosions that may arise as a result of fuel leakage onboard the ship.

22 Nov 2005

Shipbuilders Focus on High-Value Vessels

South Korean shipbuilders are profiting more than ever from selling high-value units such as offshore plants and liquid gas carriers, according to a Korea Times report. Daewoo Shipbuilding and Marine Engineering has already won a record-high $7 billion in building orders this year. Such high performance was largely affected by the sales of four offshore oilrig units, which amounted to $1.9 billion in total. The company also has recorded steady sales of LNG carriers, capped with a $430-million order for a pair of LNG carriers from a Norwegian company last month. The LNG ship has become a lucrative business for shipbuilders, as a 145,000-cubic-meter carrier is now being sold for around $270 million, according to the report.

21 Nov 2005

Shipbuilders Cash In on Special Vessels

According to reports, South Korean shipbuilders are profiting more from selling high-value units such as offshore plants and liquid gas carriers than ever. Daewoo Shipbuilding and Marine Engineering, already has won a record-high $7 billion in building orders this year, which exceeds last year's record of $6.6 billion. Such high performance was largely affected by the sales of four offshore oilrig units, which amounted to $1.9 billion in total. The company also has recorded steady sales of LNG carriers, capped with a $430-million order for a pair of LNG carriers from a Norwegian company last month. Hyundai Heavy Industry is benefiting from oil prices and an increase in the demand for gas energy.