Gas Tankers News

28 Mar 2019

Anthony Veder Adds LNG/LEG Pair to Fleet

Images: Anthony Veder

Netherlands-based operator of gas tankers in the segments of gas shipping Anthony Veder has taken delivery of two 10,000-cbm combined gas carriers, which can transport liquefied natural gas (LNG) and petrochemical gases including ethylene (LEG).With this transaction Anthony Veder expands its fleet to 33 vessels and reinforces its leading position in small scale LNG. With eight small scale LNG vessels the company continues their strategy to support  the potential for LNG as a marine fuel and in the distribution of LNG for power supply.

14 Mar 2019

Anthony Veder Expands LNG Fleet

Pic: Anthony Veder

Dutch gas carrier operator Anthony Veder said it is expanding its fleet with a 30,000-cbm liquefied natural gas (LNG) carrier that is currently being constructed by China’s  Zhejiang Xinle Shipbuilding in Ningbo.The vessel will be completed by Zhejiang Xinle Shipbuilding under supervision of Anthony Veder and is expected to be ready for worldwide trading in the summer of 2019, said a press release from the operator of gas tankers in all the segments of gas shipping, from LPG shipping to LNG shipping and from CO2 shipping to ethylene shipping.After delivery it will be renamed with a Coral name.

14 Jan 2019

Epic Gas Switches to GNS and Voyager

Pic: GNS

GNS, the maritime technology company, has been awarded the contract to supply the fleet of Singapore-based Epic Gas Ship Management and its shore-based marine team with a complete navigation solution.GNS won the contract following a competitive tender during which Epic Gas ran extensive sea and shore-based trials over a six-month period evaluating solutions from three vendors. Key evaluation criteria were intuitiveness of the software and simplicity of the end-to-end service,…

25 Nov 2018

KOTC Orders Three LPG Tankers from Hyundai

Pic: Kuwait Oil Tanker Co. (KOTC)

Kuwait Oil Tanker Co. (KOTC), a subsidiary of Kuwait Petroleum Corporation, has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries (HHI), the South Korean shipbuilding giant.According to the government's media outlet Kuwait New Agency (KUNA), the order for very large gas carrier (VLGC) is worth KD 64.8 million (around USD 213.3 million).KUNA quoted CEO of KOTC Sheikh Talal Al-Khaled Al-Sabah as saying that the VLGC-LPG gas tankers are part of a tanker-building contract signed with HHI…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

20 Nov 2018

Rimorchiatori Spezzini Orders Two Damen ASD Tugs

Damen ASD Tug 2411 (Photo: Damen Shipyards)

Rimorchiatori Spezzini, a subsidiary of the Scafi Group, contracted Damen Shipyards Group for two new Damen ASD Tugs 2411. The order comes as part of Scafi’s plans to expand its fleet in response to the newly assigned harbor towage concession in the port of Safi, Morocco. The two new ASD Tugs will be based in the Port of La Spezia, an important maritime hub for commercial markets in North Italy, Austria, Switzerland and Germany. (Read more about the Port of La Spezia in the latest…

20 Aug 2018

S.Korean Shipbuilders Jump over Rising LNG Tanker Prices

© Angelika Bentin / Adobe Stock

South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural gas tankers that is set to benefit the country's shipbuilders.Shares of Hyundai Heavy Industries soar 9.2 pct, while those of Daewoo Shipbuilding & Marine Engineering jump 9.7 pct.Samsung Heavy Industries adds 5.7 pct, after it secured a contract worth 412 billion won ($368 million) to build two LNG carriers for a ship owner in North America.The stock price gains reflect the report issued by Clarkson, a UK shipbuilding industry analysis organisation, which raised the price of an LNG tanker to $181

20 Apr 2018

Panama Canal LNG Volume Soars as Global Demand Grows

On April 17, the Panama Canal transited three LNG vessels – Clean Ocean, Gaslog Gibraltar and Gaslog Hong Kong – in one day, marking a first for the waterway. (Photo: Panama Canal Authority)

The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal's governing agency told Reuters.LNG volumes traversing the Canal could hit 30 million tonnes a year before the end of 2020, said Jorge Quijano, who leads the Panama Canal Authority, up from 6 million tonnes last year.Demand for LNG has risen significantly in the last three years as the increase of supply…

18 Mar 2018

Kuwait Oil Tanker Signs Financing Deal for 8 Tankers

Photo: Kuwait Oil Tanker Company S.A.K

Kuwait Oil Tanker Company (KOTC) said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported. The 10-year financing was obtained from Warba, Ahli United and Kuwait International banks, KUNA said. Earlier, KOTC and South Korean construction firm Hyundai Heavy Industries have co-signed a contract worth USD 213.36 million to build three immense gas tankers, as part of a major KOTC fleet overhaul.

20 Feb 2018

Morch Elected to J. Lauritzen BoD

Kristian V. Mørch. Photo: Odfjell SE

Danish shipping company J. Lauritzen adds CEO of Norwegian Odfjell, Kristian V. Mørch, and CFO of the cleaning company ISS, Barbara Plucnar Jensen, into its board of directors. "J. Lauritzen A/S in March 2018, Kristian V. Morch, CEO at Odfjell SE, Norway and Barbara Plucnar Jensen, CFO at ISS UK and Ireland will be elected as new members of the Board of Directors of J. Lauritzen," said a press release from the company. In connection with the upcoming annual general meeting, Marianne Wiinholt, CFO & EVP at Ørsted will resign from the Board of Directors of J. Lauritzen. Kristian V.

29 Jan 2018

Hyundai Heavy Industries, KOTC Ink Gas Carriers Deal

Photo: Kuwait Oil Tanker Company S.A.K

Kuwait Oil Tanker Company (KOTC) has signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for three very large gas carries (VLGC). The three 84,000 cbm LPG carriers are expected to start delivery in 2019. The contract worth USD 213.36 million to build three immense gas tankers is part of a major KOTC fleet overhaul. The deal entails the construction of three liquefied gas tankers at a cost of USD 71.12 million per tanker, the marine transport company said in a statement to KUNA.

10 Jan 2018

De Poli Tankers Extends VSAT Deal with Marlink

(Photo: De Poli Tankers)

Dutch ship owner De Poli Tankers BV has extended its contract with Marlink, securing high-bandwidth global communication using the Sealink Plus service for its fleet of eight chemical tankers and two gas tankers. De Poli Tankers' in-house ITC company, Maritime Performances BV, chose to retain the Sealink Plus service for the future as it combines high-bandwidth VSAT with unlimited L-band back-up in a single easy to manage bundle, Marlink said. De Poli Tankers first migrated to Marlink VSAT from L-band only communications in 2013…

08 Dec 2017

Hopkins Named Managing Director at Harris Pye UK

Nigel Hopkins (Photo: Harris Pye)

Nigel Hopkins has been appointed Managing Director of Harris Pye UK Ltd based at the company’s headquarters in Llandow in Wales. He joined Harris Pye on May 1 this year working alongside Dave Hayden, the company’s retiring Managing Director at the Harris Pye UK headquarters in Llandow, South Wales before officially taking over from Dave Hayden on October  1, 2017. Nigel Hopkins started his engineering career in the merchant navy spending 13 years sailing on a variety of vessels including oil tankers…

14 Nov 2017

Lauritzen Signs Crew Management Pact with OSM

Photo: OSM Maritime Group

Leading global ship management company OSM Maritime Group has been awarded full crew management of Lauritzen Kosan’s entire fleet of advanced liquefied gas tankers. The agreement, covering 26 refrigerated ethylene, semi-refrigerated and pressurised gas carriers, will help Lauritzen Kosan deliver on its promise of providing optimal efficiency, safety, quality and value for its global base of energy and petrochemical customers. OSM’s focus on the provision of personal service and expert seafarers…

24 Oct 2017

Vopak Launches Concurrent Bunkering Services in Singapore

Vopak, the world's largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel while simultaneously loading or discharging cargoes. "The new concurrent bunkering service is in line with Maritime and Port Authority of Singapore's directive to improve port efficiency," Vopak said in a statement on Tuesday. The service eliminates the time needed to move tankers calling at the Sebarok terminal to designated anchorages in Singapore's congested waters for refuelling, also known as bunkering. Prior to this, tanker vessels were required to sail to the anchorage to receive their bunkers, the Dutch oil and chemicals storage company said.

08 Aug 2017

Yangzijiang Shipbuilding Q2 Profit Surges 73%

The world's largest hatch cover - 400,000-dwt VLOC of Brazil Vale. Photo: Yangzijiang Shipbuilding Holdings

China’s Yangzijiang Shipbuilding Holdings reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels,  Reuters reported. The company, which specialises in dry-bulk carriers,  posted a net profit of 719.92 million yuan (S$146 million) for the second quarter ended June 30, 2017. Revenue increased 27 per cent year on year to 3.79 billion yuan in Q2 due to higher contributions across its different businesses.

30 Jul 2017

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. Under the deal, the energy company holds the option to order six more gas carriers.

07 Jul 2017

Monjasa Reports Panama Canal Supply Growth

Physical bunker supplier Monjasa has been active in the Panama Canal since 2011 and established a physical presence for operations and bunker trading in Panama City in 2015. Now one year after the official inauguration of the new locks of the expanded Panama Canal, Monjasa said it has seen supply volumes continually grow. “Since the opening of the new locks exactly a year ago, we have seen a positive development in the local bunker market,” said Rasmus Jacobsen, Managing Director for Monjasa Americas. “On a daily basis, we already see sicx ships passing through the new locks, and as the tonnage further increases, we expect this number will increase to eight1, 10, or possibly 12,” Jacobsen said.

29 Jun 2017

Global Shipping Feels Fallout from Maersk Cyber Attack

Photo: A.P. Moller - Maersk

Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry. About 90 percent of world trade is transported by sea, with ships and ports acting as the arteries of the global economy. Ports increasingly rely on communications systems to keep operations running smoothly, and any IT glitches can create major disruptions for complex logistic supply chains. The cyber attack was among the biggest-ever disruptions to hit global shipping.

17 May 2017

862 Vessels Scrapped in 2016 -Report

© Stanislau Beloglazov / Adobe Stock

Each year the NGO Shipbreaking Platform collects data and publishes an annual list of ships dismantled world-wide. Of the 862 vessels dismantled in 2016, 668 were sold for breaking on the beaches of South Asia. Most vessels scrapped in 2016 were bulk carriers, followed by general cargo and container ships, oil and gas tankers, roll-on roll-offs, passenger vessels and oil platforms. Bangladesh remained the preferred scrapping destination worldwide in terms of tonnage dismantled.

30 Mar 2017

New LNG Tanker Forges Path for Arctic Shipping

Photo: Sovcomflot

An ice-breaking tanker docked for the first time at Russia's Arctic port of Sabetta to test a new route that could open the ice-bound Arctic Ocean to ships carrying oil and liquefied gas. The route is eagerly anticipated by energy firms that want to develop resources in the Arctic but face obstacles in getting oil and gas from remote and freezing fields to world markets. Environmental activists fear commercial shipping in the Arctic -- now possible because climate change has thinned…

22 Mar 2017

Container Shippers Ordered to Testify in US Investigation

File photo: Hapag-Lloyd

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. The world's biggest container shipper, Denmark's A.P. Moller-Maersk, Germany's Hapag Lloyd, Taiwan-based Evergreen, Hong Kong-based Orient Overseas Container Line (OOCL) said their executives were among those who had been subpoenaed. The United States is concerned that the proposed alliances of several major companies…

02 Sep 2016

As Local Demand Slows, Argentina Reworks LNG Import Deals

File image (DNV-GL)

Argentina is diverting or cancelling incoming shipments of liquefied natural gas (LNG) after mild late winter temperatures curbed fuel demand and forced state-run buyer Enarsa to rework some deals. South America's biggest LNG importer had launched back-to-back tenders in June and July after a cold start to winter, lining up dozens of cargoes at bargain prices as global output outpaced demand. But a milder streak in August undercut demand for heating fuel and left Enarsa juggling a supply overhang, the company and trading sources said.

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