Gas Carriers News

10 Oct 2019

Ocean Yield Buys Ethylene Gas Carrier

Image: Ocean Yield ASA

Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.

09 Oct 2019

COSCO Tankers Disable AIS as Sanctions Bite

AdobeStock (Credit Carabay ©)

About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.

08 Oct 2019

Marlink ITLink for J. Lauritzen Gas Carriers

Credit: Lauritzen Kosan

Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…

26 Sep 2019

HHI Bags Order for 2 Crude Carriers

Image: Hyundai Heavy Industries

South Korea shipbuilding giant Hyundai Heavy Industries (HHI) group said that its unit Hyundai Samho Heavy Industries has won a deal to build two crude carriers.The shipbuilding deal worth KRW 158.7 billion (about USD 132.8 million) was signed with an undisclosed company from Oceania on September 23, 2019, HSHI said in a stock exchange filing.According to Yonhap, Hyundai Samho will build two 158,000-deadweight-ton (DWT) crude carriers by May 2021 for the unidentified Oceanian customer.Hyundai Samho…

20 Sep 2019

DNV GL Grants AIP for DSME Ethylene Carrier Cargo Tank

The certificates were presented at DSME’s booth at Gastech in Houston (left to right): Odin Kwon, Chief Technology Officer (CTO) of DSME, receives the AIP certificates from Johan Petter Tutturen, DNV GL – Maritime Business Director Gas Carriers (image courtesy of DNV GL)

At Gastech trade fair in Houston, DNV GL presented South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) with Approval in Principle (AIPs) certificates for two new 98,000 cubic meter (cbm) ethylene carrier cargo tank designs. In a hand-over ceremony at the DSME booth, Odin Kwon, Chief Technology Officer (CTO) of DSME, received the AIP certificates from Johan Petter Tutturen, DNV GL – Maritime’s Business Director Gas Carriers.“This is another great milestone in our longstanding relationship with DNV GL…

18 Sep 2019

ABS Issues AIP for Jiangnan for VLGC, VLEC Design

Left to Right: Jiangnan Chief of Global Technology Hu Keyi and ABS VP of Global Gas Patrick Jansenns. Photo: ABS

The class organization American Bureau of Shipping (ABS) has granted the approval in principle (AIP) for the LNG Jumbo, two next generation gas carrier designs from the Chinese Jiangnan Shipyard Group.ABS granted AIP for a 91,000m3 Very Large Gas Carrier (VLGC) Panda 91T design and for the “BrilliancE”, a new 99,000 m3 Type B Very Large Ethane Carrier (VLEC) Bluebonnet design.“ABS is proud to support the pioneering work of Jiangnan in the design and delivery of gas carriers. By awarding this AIP…

18 Sep 2019

LNG Cargo Ready Notation for Ethane Carriers

From left to right: Adnan Ezzarhouni, General Manager, GTT; Aditya Aggarwal, ABS Director, Global Gas Development; Philippe Sibille, Chairman and CEO, GTT; and Christopher J. Wiernicki, Chairman, President and CEO, ABS. Photo: ABS

American Bureau of Shipping (ABS), the provider of classification, technical, and regulatory services for the marine industry, launched the industry’s first LNG Cargo Ready notation.The development was announced at a joint event with GTT, highlighting progress towards delivering “LNG Cargo Ready” ethane carriers.The ABS LNG Cargo Ready notation confirms that an ethane carrier is capable of future modification to trade LNG cargoes. ABS is the first classification society to develop…

18 Sep 2019

AEC Collaborates with ABS for ULEC

ABS VP of Global Gas Patrick Jansenns and John Houghtaling, CEO of AEC. Photo: ABS

American Ethane Company (AEC) is collaborating with ABS, the global provider of classification and technical advisory services to the marine and offshore industries, on a next generation fleet of Ultra Large Ethane Carriers (ULEC).ABS is actively supporting AEC and its shipping project partners, who will build, own and operate a fleet of ULECs to transport 7.2 MTPA of US ethane to China.“ABS is a world leader in the classification of gas carriers and classes the majority of the large ethane carriers built to date…

17 Sep 2019

ABS, SHI to Develop Next Generation LNG Carrier

Photo: ABS

ABS, the global provider of classification and technical advisory services to the marine and offshore industries, announced that it is collaborating with South Korean shipbuilder Samsung Heavy Industries (SHI) on a next generation LNG carrier in a joint development project (JDP) signed today at Gastech 2019.“ABS is a leader in gas carriers with a proud record of supporting innovation, delivering operational efficiencies and advancing the cause of safety. This exciting project with SHI for a state-of-the-art vessel represents the next step in that journey…

11 Sep 2019

GTT Wins Two Orders from Hyundai Heavy

Mark III concept. Pic: GTT

French liquefied natural gas containment system specialist Gaztransport & Technigaz (GTT) announced that it has  received two orders from the Korean shipyard Hyundai Heavy Industries (HHI).Each order is concerning the tank design of one new liquefied natural gas (LNG) carrier (LNGC), one on behalf of the ship-owner Tsakos and the other one on behalf of Capital Gas Carriers, said the engineering company.Each unit will offer a capacity of 174,000 m3, it said.GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system.

09 Sep 2019

Transforming Mid-Scale Liquefied Gas

Image Credit: SSRC Technologies.

The Type B Mid-Scale Containment Solution.SSRC Technologies AS introduces a novel containment solution for small and mid-scale liquefied gas carriers. The Type B containment system provides excellent thermal performance, low weight and ease of fabrication. In cooperation with world-renown Moss Maritime AS, the patented Type B containment system has been specifically developed for the mid-scale LPG, NH3, Petchem and LNG markets. The SSRC system is also uniquely suited to scalable floating storage and regasification solutions…

09 Sep 2019

Epic Gas Refinances Two LPG Tankers

Image: Epic Gas

Singapore-based gas carrier owner and operator Epic Gas has completed the refinancing of two 2010-built liquefied petroleum gas (LPG) tankers.The  two ships – the Epic Bali and Epic Borneo (each 2010 built, 7200 cbm) - were both in a finance lease structure and Epic Gas exercised a purchase option to refinance the vessels through a sale and lease back transaction with a Japanese ship owner, a press release from the fully pressurized gas carriers providing seaborne services for the transportation of LPG and petrochemicals.The bareboat charter back term is 10 years…

08 Sep 2019

Exmar Expects Two VLGCs Delivery in 2021

Pic: Exmar

Belgium-based floating assets specialist Exmar said that it  has two newbuild 88,000 m³  Very Large Gas Carriers (VLGC) on order at Jiangnan Shipyard (China) which will use LPG as a fuel marking a new era for the Company and the industry.Both vessels are committed to a long-term charter with Equinor after delivery in 2021, said the provider of floating solutions for the operation, transportation and transformation of gas.Currently, Exmar controls one chartered vessel in this segment, the 83,300 m³ BW TOKYO that is chartered to Trafigura until the fourth quarter of 2019.

22 Aug 2019

Marine Engines Market: $14.4Bln by 2026

File Photo: Caterpillar

The global marine engines market is estimated to grow at CAGR above 4.5% over the forecast time frame 2019 to 2026 and reach the market value around $14.4 billion by 2026.The shifting trends in the shipping industry and the increase of worldwide amounts of sea trade are projected to fuel the development of the market in marine motors, said a report by Acumen Research and Consulting.Increased use of low-sulfur fuels due to public emissions reduction standards will fuel demand for the item.

23 Jun 2019

Anthony Veder Boosts Gas Pool Fleet

Anthony Veder, which operate gas tankers in all the segments of gas shipping, from LPG shipping to LNG shipping and from CO2 shipping to ethylene shipping, will take over the commercial management of five gas carriers of Chicago-based GATX Corp.The vessels will start trading in Anthony Veder’s gas pool in June, the Rotterdam-based shipowner said in a press note.With this transaction Anthony Veder further strengthens its position as liquified gas shipping company to a fleet of 38 ethylene, LPG and LNG carriers, it said.The gas carriers previously were part of the Norgas pool and will be renamed starting with Coral, the release noted.Three out of five vessels will transport liquefied petroleum gas and petrochemical gasses such as ethylene.

11 Jun 2019

KHI Wins AiP from DNV GL for LFPP

Johan Petter Tutturen, Business Director Gas Carriers, DNV GL (right), handed over the AIP to Mr. Yoshinori Mochida, President, KHI Ship & Offshore Structure Company. Photo: DNV GL

The international accredited registrar and classification society DNV GL has awarded the Japanese multinational corporation Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP).The classification body said in a press release that the LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.The LFPP concept is designed for installation in areas where energy demand is rapidly increasing, but onshore infrastructure is not feasible or commercially viable.

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.

09 Aug 2019

U.S. LPG Exports Grow by 22%: Dorian LPG

Pic courtesy: Dorian LPG Ltd.

U.S. liquefied petroleum gas (LPG) exports have grown year-over-year by 22% to 22.5 million tons year-to-date (YTD) and Middle East exports have grown on the same basis 3.5% to 22.6 million tons, said Dorian LPG.For the first time, U.S. and Middle East volumes were equal, said the owner and operator of modern very large gas carriers (VLGCs)."Our expectation is that the U.S. exports will grow faster than those from the Middle East. U.S. propane inventories continue to push towards the higher-end of their 5-year range…

10 Jun 2019

Exmar Commissions Tango FLNG

Image: Exmar

Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction unit (FLNG).The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina, said a release from the provider of specialized floating assets.With this first shipment the start-up of the Tango FLNG is accomplished in a record time following the contract signing in November 2018 and delivery acceptance of the unit in Bahia Blanca in February 2019.

15 Jul 2019

ABS, MOL in Landmark Gas Carrier Pact

Photo courtesy of ABS

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S.

15 Jul 2019

USCG & Liquefied Gas Cargoes as Marine Fuel

© vladsv/Adobe Stock

The establishment of air emissions regulations in the form of Emission Control Areas (ECA) and the approaching IMO 2020 sulfur cap have driven the search for economically, commercially, and environmentally acceptable marine fuels. With advancements in technologies and the significant growth of U.S. liquefied gas export markets, Coast Guard examiners are seeing a new trend on vessels carrying liquefied petroleum gas (LPG) and ethane; these vessels are using their cargoes as fuel…

22 Jul 2019

Klaipeda LNG in Full Capacity

Image: Klaipedos Nafta

Lithuania's liquefied natural gas (LNG)  terminal KlaipÄ—dos Nafta (KN) said that its terminal capacities are now fully booked for the rest of the Gas Year, following the favorable situation in the international gas markets that has been determining the highest operative efficiency of the LNG terminal since the launch of its activities.The Gas Year is calculated from 1 October of the current year until 30 September of the following year.According to a press note from the operator of the KlaipÄ—da Oil Terminal based in KlaipÄ—da…

04 Aug 2019

Awilco Refinances LNG Fleet

Pic: Awilco LNG

Norwegian liquefied natural gas (LNG) transportation company Awilco agreed and signed a term sheet for the financing of its two liquefied natural gas carriers with an Asia-based company.The refinancing for the two 2013-built 156,000-cbm TFDEs WilForce and WilPride, has been structured as a sale/leaseback similar to the current financing of the vessels, said a press note from the pure play LNG transportation provider, owning and operating LNG vessels intended for international trade.Awilco LNG says it expects the new financing to close during the fourth quarter of this year…

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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