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Gas Carriers

Bergesen Sells Gas Carriers

Bergesen has sold the gas carriers Havsol and Havbris, both 12,000 cbm, built in 1976 and 1977 respectively. Havsol was s old for scrap, while Havbris was sold to Greek interests for continued operation. Delivery is expected to take place within end of May 2003. The sale will generate an insignificant sales profit in secondBergesen Sell Gas Carriers Bergesen has sold the gas carriers Havsol and Havbris, both 12,000 cbm, built in 1976 and 1977 respectively. Havsol was sold for scrap, while Havbris was sold to Greek interests for continued operation. Delivery is expected to take place within end of May 2003. The sale will generate an insignificant sales profit in second quarter 2003.


Russian LNG Carrier Launched

LNG carrier Velikiy Novgorod: Photo credit SCF

Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels ordered by SCF from STX Offshore & Shipbuilding Co. Ltd and her construction is scheduled to be completed in December, 2013


Drydocks World Allies with Ship Management Company

Drydocks World announced that an Alliance Agreement has been signed with EXMAR Shipmanagement Drydocks World, whose business is in ship repair, conversion and new building, has announced that it has signed an Alliance Agreement  with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry. The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement


Navigator Declares Further Newbuilds

Navigator Holdings Ltd. today announced that it has exercised its last remaining option to construct a 22,000 cubic meter gas carrier at Jiangnan Shipyard (Group) Co Ltd. in China at the previously agreed construction price of $44 million, with the vessel scheduled for delivery in March 2016. Furthermore, Navigator has entered into a contract with Jiangnan to construct a 35,000 cubic meter gas carrier for delivery in April 2016


USCG Addresses Future of Marine Fuels

The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise   The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S. Coast Guard’s (USCG) Liquefied Gas Carrier National Center of Expertise (LGC NCOE) were Lt. Cmdr. Anthony Hillenbrand and Scott LaBurn.  


GAC to Showcase Bespoke Services for Gas Carriers at Gastech

Courtesy GAC

  GAC is showcasing its full range of ship agency and related services for gas carriers at the Gastech, where GAC’s groundbreaking ‘HullWiper’ ROV system will also be on display. Launched in late 2013, the HullWiper Remotely Operated Vehicle (ROV) system offers an eco-friendly, diver-free and highly efficient hull cleaning solution that helps LNG carriers to save time and money on their hull cleaning requirements in port.


Daewoo Shipbuilding Gets Order From Exmar

Daewoo Shipbuilding & Marine Engineering Co. has won a $270 million order to build a liquefied natural gas carrier and refit three other LNG carriers for Exmar N.V. of Belgium. According to reports, Daewoo will deliver the vessels by 2005. The vessels are capable of carrying 4.83 million cubic feet of liquefied natural gas each and will be chartered to Houston, Texas-based El Paso Global LNG.


Exmar Optimistic About Gas Carrier Market into 2015

Photo: Exmar

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter and was expected to remain good in spite of new vessels being delivered in 2015. The group said its LNG business unit generated $8.5 million in operating profit in the third quarter, up from $7.8 million last year, while its LPG fleet saw an earnings spike to $15.6 million from $5


Skaugen Goes to Red Again

Photo: I.M. Skaugen SE

 Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities for long routes the petrochemical market.   The gas carrier owner reported profit before and after tax of minus $ 5.1 million (loss) in Q2 2016. The same quarter a year ago profit before and after tax minus $ 0.5 million. Freight revenues amounted to $ 18.5 million in this year's 2nd quarter, against 15


Dryships to Expand into VLGC sector

The Table

DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas Carriers (“VLGC(s)”) capable of carrying liquefied petroleum gas (“LPG”) that are currently under construction at Hyundai Heavy Industries (“HHI”)


New ABS Guide Advances Industry FSRU Development

Depiction of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU). FIle Photo: Marinelink

 ABS, a leading provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.  


ABS Concept Approval Advances LNG as Fuel

Photo: ABS

ABS has granted a Certificate of General Design Approval (GDA) for an IMO Type B LNG fuel tank design developed by Hyundai Heavy Industries (HHI) of South Korea.   HHI’s fuel tank design was conceptualized and developed to minimize the loss of cargo space and effectively use


DSME, DNV GL Partner for Efficient LNG Carrier Design

Johan Petter Tutturen, DNV GL – Maritime Business Director Gas Carriers.  (Photo: DNV GL)

At the Gastech 2017 conference in Tokyo, Japan, DSME and DNV GL presented the results of a joint development project (JDP) for the design of an innovative, efficient LNG carrier based on today’s technology.   The project focused on delivering a design which an owner can take straight


Ethane Carrier GasChem Beluga Named

GasChem Beluga, pictured on the River Tees for its naming ceremony, is an eco-friendly sea vessel that will carry shipments of ethane gas from Houston in the U.S. to SABIC’s Olefins Cracker on Teesside. (Photo: SABIC)

A new liquefied ethylene gas carrier (LEG) was named on Teesside today.   Operated by German shipping company Hartmann Reederei and GasChem Services, the new eco-friendly sea vessel GasChem Beluga will carry shipments of ethane gas from Houston to SABIC’s cracker at Wilton on Teesside


Eletson, Evergas Form Shipping Alliance

Photo:  Evergas

 Eletson Gas and Evergas announced an alliance of the two companies that will trade the companies’ semi-ref/ethylene capable vessels.    The new venture, to be called the E3 Pool, will commence trading on the 30th of January from the Eletson offices in Piraeus and London and


DryShips Completes $200mln Equity Investment

Pic: DryShips Inc

 DryShips has announced that it has successfully completed the previously announced $200.0 million common stock offering, in which the Company raised net proceeds of $198.0 million, pursuant to the Common Stock Purchase Agreement entered into by the Company on December 23, 2016.  


DryShips Sails Back into Tanker Market with Two Modern Vessels

Image: DryShips Inc

 Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC).   DryShips has entered into agreements with unaffiliated third parties to acquire:  


Damen Plunges into LNG Market

Liquefied Gas Carrier 3000 LNG (Photo: Damen Shipyards)

Damen Shipyards Group’s range of Liquefied Gas Carriers is a response to the changes seen in the maritime LNG market in recent years. The Dutch company’s designs meet a variety of capacity requirements, from 500 m3 to 7,500 m3. The maritime LNG market has long been faced with the


DryShips Opts for Second VLGC Newbuild

DryShips Inc., owner of ocean going cargo vessels, said it has exercised its second option under a previously announced option agreement to acquire up to four very large gas carriers (VLGCs) currently under construction at Hyundai Heavy Industries Co., Ltd. (HHI) for a purchase price of $83


Recent Vessel Sales: February 2017

Vessel sales for February 2017 (as of March 1) as prepared by Shipping Intelligence, Inc., New York   Date Reported - Vessel Name - DWT - Year Built - (Age) - Price in Millions USD   Bulk Carriers 2/10 - POAVOSA CHAMPION - 2,940 - 96 - (21) - $2.7


DryShips Completes Common Stock Offering

File Photo: DryShips Inc

 DryShips Inc. has successfully completed the previously announced $200 million common stock offering, in which the Company raised net proceeds of $198 million, pursuant to the prospectus supplement filed on February 17, 2017.   Following the completion of the offering


BW LPG Refinances Six Ex-Aurora Ships

Photo: BW LPG

 BW LPG Limited has signed a Debt Facility Agreement of USD290 million for the re-financing of six 2016 built ex-Aurora ships.    The re-financing has been raised from The Export-Import Bank of Korea (KEXIM) as ECA (Export Credit Agency) lender, with ABN AMRO Bank N.V


First Icebreaking LNG Carrier Ready for Service

Photo: DSME

The world’s first icebreaking liquefied natural gas (LNG) carrier, Christophe de Margerie, has berthed at the gas terminal at Sabetta Port in Russia, becoming the first vessel to do so. Built by Daewoo Shipbuilding & Marine Engineering Co., Ltd


ClassNK Publishes LH2 Carrier Guidelines

Classification society ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers for the safe constructions and operation of LH2 carriers based on provisions of the International Maritime Organization (IMO) Interim Recommendations.  


ABS Published FSRU Development Guidance

ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.   “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers






 
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