Chevrontexaco Shipping News

ChevronTexaco Shipping Co. LLC announced one of its affiliates will serve as the operator of the North West Shelf Venture (Venture) Gas Project's newest vessel, the Northwest Swan. The vessel is currently planned to deliver liquefied natural gas (LNG) from the project's Western Australian operations to customers in Japan, Korea and China, as well as provide opportunities to deliver into the LNG spot market. Mike Carthew, president of ChevronTexaco Shipping Co. LLC, said, "We are proud that ChevronTexaco has been chosen by the Venture participants to serve as operator of the Northwest Swan, the ninth and largest vessel in their fleet.

ChevronTexaco Corp. ordered two LNG carriers from Samsung Heavy Industries of South Korea to support the planned growth in the company’s LNG business. The new LNG carriers will have a capacity of 154,800 cubic meters each. Both carriers will be of membrane-type design and equipped with dual fuel diesel-electric propulsion. The two carriers are planned for delivery in 2009. ChevronTexaco Global Gas President John Gass said: "ChevronTexaco has large holdings of natural gas resources in the Pacific and Atlantic Basins. Gass noted, "It is important that our company invest now to meet the growing demand for energy in the future." He added, "ChevronTexaco is making good progress at securing market access for its LNG supply projects.

ChartCo, has taken more orders for its ChartManager service from tow major tanker fleet owners. Greek company Avin International is the third major Greek shipping company, to sign up as a ChartCo customer while ChevronTexaco Shipping Company has signed up to ChartCo’s service following successful trials on two of its vessels. Avin International, a tanker operator active in the shipment of crude oil and petroleum products, chose to install ChartManager across its entire fleet following successful trials on aboard two of its vessels, the Kriti Amethyst and Sfakia.