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Liquefied Petroleum Gas

MC Shipping Acquires Tanker

MC Shipping Inc. has taken further steps to focus on the liquefied petroleum gas (LPG) shipping sector with an agreement to acquire a liquefied petroleum gas (LPG) tanker from the A.P. Moller - Maersk Group of Denmark. The vessel, Hans Maersk is a 1993-built semi-refrigerated LPG carrier of 20,700 cbm capacity. The acquisition is being funded out of current cash holdings and a bank loan. The vessel is expected to be delivered before July 31, 2006. Simultaneously with the purchase, she will be time-chartered back to A.P. Moller - Maersk for a minimum period of 5 years. The Company further announced that it has signed contracts to sell its two small coastal bulkers, Bay Trader and Link Trader. Delivery to buyers is expected within June 2006.


Kuwait to Bid Tankers Soon

The Kuwait Oil Tanker Company (KOTC) will float a tender to build four crude oil tankers soon, according to a report on Xinhua. The budget for the new fleet is reportedly up to $130m. According to Xinhua, KOTC has almost finished its first modernizing phase of oil tanker fleet, which includes nine tankers. Among which two tankers will be for crude oil, three for petroleum products, two for liquefied petroleum gas


Nakilat to Invest $11.5b in Fleet Expansion

Qatar Gas Transport Company (Nakilat) is investing $11.5b in its bid to become the largest owner of LNG/LPG tankers fleet by the end of the decade. The plan is to acquire 60 ships by 2010 to ferry liquefied natural gas and liquefied petroleum gas worldwide, Nakilat vice-chairman Faisal M Al-Suwaidi is quoted to have said in a report in the Gulf Times. While 46 tankers are meant for LNG transportation, the rest will be used for liquefied petroleum gas supply


MHI Wins Gas Ship Order

Mitsubishi Heavy Industries Ltd. reportedly won an order for four liquefied petroleum gas (LPG) carriers from a shipping unit of British energy giant BP PLC, with the first due for delivery in 2006. While a total order value was not divulged, it is believed to be the first time that a Japanese shipbuilder has won an order for four LPG carriers all at once. The double-hull ships will have a capacity of 83,000 cu. m. each.


Singapore's Epic Gas Order Two Big LPG Carriers

Epic Gas Ltd. says it has contracted Kyokuyo Shipyard Corporation in Japan to build two 11,000 cbm fully-pressurised gas carriers to be delivered in 2016. This latest order brings the total newbuild contracts for the year to eight fully-pressurised vessels. In addition Epic Gas has taken delivery of three bareboat vessels during the year. The company says it is also actively looking at opportunities to purchase high quality secondhand tonnage.


Nakilat Transitions LNG Carrier to In-house Management

Photo: Nakilat

Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19, 2016.  With a cargo carrying capacity of 210,200 cubic meters, Al Sheehaniya is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering was


MC Shipping to Buy Two Tankers

MC Shipping Inc. said on July 5 that it plans to buy a pair of 15,360 cu.m., semi-refrigerated liquefied petroleum gas tankers from Germany's Bernhard Schulte Group. The company did not disclose the cost of the ships, but together with its recent purchase of the 20,700 CBM-capacity Hans Maersk, MC Shipping spent a combined $71.5m on the three vessels. The company said it expects to take delivery of the Tyco Brahe and the Immanuel Kant sometime before July 31


KOTC to Order Mega Vessels

According to AFP, Kuwait Oil Tanker Co. (KOTC) will soon order four giant oil tankers expected to cost some 500 million dollars, chairman Abdullah Al Rumi said on Wednesday. The new order was approved by the national oil conglomerate Kuwait Petroleum Corp. (KPC), and will be offered in a tender soon, Rumi told the official KUNA news agency. Each has a capacity of 300,000 tonnes and will replace old tankers in the company’s fleet of 24 vessels.


Vard Brazil Shipyard Makes First Delivery

Barbosa Lima Sobrinho  7,000 m3 Fully Pressurized LPG Carrier Photo Vard

  Vard Holdings Limited, a global designer and builder of offshore and specialized vessels, has delivered its first vessel from the group’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. The vessel, a 7,000 m3 fully pressurized Liquefied Petroleum Gas (LPG) carrier, is the second in a series to be delivered to Petrobras Transporte S.A. (Transpetro), and the first to be built entirely at and delivered from Vard Promar


Hyundai Heavy Wins $600 Vitol Tanker Contract

File photo: Hyundai Heavy Industries

 The Korean shipbuilder Hyundai Heavy Industries (HHI) won a contract worth up to $600 million from Netherlands-based energy and commodities company Vitol to build as many as eight gas tankers, Reuters reported.   HHI will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000 cubic meters (3 million cubic feet) each.   The ships are expected to be delivered in the first half of 2019.  


Trelleborg Suite Supplied to Prelude FLNG

Prelude FLNG (Photo: Trelleborg)

Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel


Harvey Interrupts Asia LPG Exports from Gulf Coast

File Image (CREDIT: AdobeStock / (c) Martin)

Harvey delays at least 300,000 T of U.S. LPG shipments.   Shipments of liquefied petroleum gas (LPG) from the United States have been held up by the havoc wrought by tropical storm Harvey since last Friday, but Asian buyers are betting the situation will improve before supplies are


Gazprom Signs LNG Supply Deal with Ghana

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday.   Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019.


Dorian LPG, ABS Plotting 2020 Compliance Plan

(Photo: Dorian LPG)

ABS said it has been selected by Dorian LPG to provide an in-depth techno-economic analysis, laying out compliance options for impending global sulfur cap requirements. Dorian LPG owns and operates a fleet of very large gas carriers (VLGCs), transporting liquefied petroleum gas around the world


AMSOL Bags New Contracts

Photo: African Marine Solutions Group (AMSOL)

African Marine Solutions Group (AMSOL) has been awarded two recent milestone contracts following the acquisition of SMIT Amandla Marine in December 2016   AMSOL has been awarded a five-year contract by the South African Department of Transport to operate the standby tug utilized as


StealthGas Achieves High Revenue

Photo: StealthGas Inc

 StealthGas, ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, registered  an operational utilization of 97.3% in Q1 2017 (91.1% in Q1 2016), best performance since the beginning of 2014.  


Panama Canal to Modify Tolls Structure

Pic: Panama Canal Authority (ACP)

 Panama Canal Authority (ACP) has published a proposal for modifications to its current tolls structure, signaling the beginning of a 30-day formal consultation period for industry feedback, allowing the waterway to continue providing a competitive service to its customers.  


Saudi, UAE Ports Bar Qatari Flagged Ships

Ports in Saudi Arabia and the United Arab Emirates' barred ships flying Qatari flags after the two countries broke off diplomatic ties with Doha, in a move that raised fears of disruption to oil and gas shipments from the Gulf OPEC member.  


Brazil Criticized for Dumping Toxic Ships in South Asia

Photo: NGO Shipbreaking Platform

 NGOs and trade unions in Brazil have criticized the state-run Petrobras’ end-of-life fleet management by dumping toxic ships on South Asian beaches.   The Brazilian Confederação Nacional dos Trabalhadores em Transportes Aquaviários e Aéreos


Avance Gas Expects Weak 2017, Recovery from 2018

Peder Simonsen (Photo: Avance Gas Holding)

Shipping firm Avance Gas Holding , which transports liquefied petroleum gas (LPG), expects freight rates for its vessels to remain weak in 2017 despite an improvement in the last two weeks, the Oslo-listed firm said. A sharp influx of newly built very large gas carriers (VLGCs) pushed global


Expanded Panama Canal Celebrates First Anniversary

Photo: Panama Canal Authority

 The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year old waterway and a defining moment for the people of Panama and the global maritime industry.  


Egypt to Cut Down on LNG Imports

Photo: Egyptian LNG

 Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that began in July, down from the 118 cargoes imported last year.   Reuters reported that Egypt has been trying to speed up the development of recent gas discoveries with a view to


Ailing Tanker Crewman Medavaced off Florida

An MH-60 Jayhawk helicopter from Air Station Clearwater approaches the 550-foot tanker Gaschem Stade, 13 miles west of Egmont Key, Florida, Monday, Aug. 14, 2017. The Jayhawk air crew medevaced a 55-year-old man from the tanker after he suffered heart attack like symptoms. (U.S. Coast Guard photo by Gage Hunt)

A tanker crew member reportedly suffering from heart attack like systems was medevaced 13 miles west of Egmont Key, Fla. on Monday, August 14.    A U.S. Coast Guard MH-60 Jayhawk helicopter air crew from Air Station Clearwater medevaced the 55-year-old man from the 550-foot liquefied


Ghana, Equatorial Guinea to Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.   Though an oil and gas producer in its own right since its


GE to Provide Maintenance to TMS Cardiff Gas’ LNG Fleet

Corcovado LNG (Photo: GE)

GE’s Marine Solutions and TMS CARDIFF GAS Ltd. have signed a service agreement that will see GE undertaking the support and maintenance of four TMS LNG vessels—Corcovado, Kita, Palu and Yari—for the next 10 years. GE will provide maintenance services to TMS fleet’s






 
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