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Tuesday, January 23, 2018

Liquefied Petroleum Gas News

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, while another two for petroleum gas still being built in Singapore and to be delivered by the end of 2007. (Source: Xinhua)

Mitsubishi Considers Splitting Off Shipbuilding Arm

Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company. The comment follows a report in the Nikkei business daily that it was looking at splitting off part of its shipbuilding business - primarily the shipyards that construct liquefied natural gas and liquefied petroleum gas carriers - by the middle of next year. The move would allow that division to explore business tie-ups with other shipbuilding firms, it said. Reporting by Edwina Gibbs

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. As many as 25 LNG tankers will be of the Q-Flex category, while 21 liquefied natural gas tankers will be Q-Max. Q-Flex vessels have a cargo capacity ranging between 210,000cu m and 217,000cu m.

Gas Carrier Grounded by Tropical Storm

Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier SCF Tomsk which ran aground Monday. Dominican Republic authorities have established a Unified Command to coordinate salvage operations between local agencies and the marine industry responding to the incident. The Nodrog Shipping Corporation owned vessel has hired marine salvage company Titan to conduct salvage operations. The 551-foot gas carrier completed offloading liquefied petroleum gas at the Coastal Petroleum Dominicana, S.A. facility in San Pedro de Macoris Monday, when the vessel broke loose from its offshore moorings and grounded on the reef line during Tropical Storm Noel.

Gas Carrier Grounded by Tropical Storm

Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier SCF Tomsk which ran aground Monday. Dominican Republic authorities have established a Unified Command to coordinate salvage operations between local agencies and the marine industry responding to the incident. The Nodrog Shipping Corporation owned vessel has hired marine salvage company Titan to conduct salvage operations. The 551-foot gas carrier completed offloading liquefied petroleum gas at the Coastal Petroleum Dominicana, S.A. facility in San Pedro de Macoris Monday, when the vessel broke loose from its offshore moorings and grounded on the reef line during Tropical Storm Noel.

Over 60 Vessels Transit Expanded Panama Canal

Photo Panama Canal Authority

The Expanded Panama Canal has transited 69 Neopanamax vessels since the Inauguration on June 26, 2016. Specifically, 40 containerships, 24 liquefied petroleum gas (LPG) carriers, three vehicle carriers and two liquefied natural gas (LNG) carriers have transited the Expanded Canal. These LNG vessels were the first to transit the waterway since the Canal opened trade possibilities to this new market segment. In addition, the Panama Canal has received 250 reservations and counting for the Expanded Canal, including seven cruise ship reservations.

Tanker Crew Robbed in Latest Piracy Attack

According to a Sept. 24 report from United Press International, Asia, armed pirates boarded a tanker in the South China Sea, assaulted a crew member and robbed the rest of the crew. The six pirates were armed with knives and machetes as they boarded the Singapore-registered Prospect, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) said. The ship carrying liquefied petroleum gas was boarded just off Anambas Island. (Source: UPIasia.com)  

Dry Bulk Ready for Rebound?

Anchor Ship Investment Co., ’s largest ship-fund manager, reportedly is in position to spend part of a planned $2.3b fund on its first dry-bulk vessels in anticipation of a rebound in Chinese iron-ore demand, according to a report on Bloomberg. The company plans to start raising money for the new fund in September, and currently owns 10 ships, including container vessels, very large crude carriers, a chemical tanker, a car carrier and a liquefied petroleum gas tanker, Tsuji said. The ships are leased to Japanese lines, including Nippon Yusen K.K. (Source: Bloomberg)  

Teekay to Buy Four LPG carriers

Teekay LNG Partners LP, a Bahamas maritime firm, will pay $106m to buy four liquefied petroleum gas carriers. Upon their delivery to Teekay LNG, all of the vessels will run on long-term, fixed-rate time-charters, Teekay said Wednesday. The company expects that each ship will generate about $11.6m per year in revenues. Three of the LPG carriers are under construction and will be purchased from IM Skaugen ASA upon their delivery from the shipyard between early 2008 and mid-2009. Source: United Press International

LPG Ships Collide in France

Two LPG tankers collided in the northwestern French port of Donges causing 60 tonnes of ship fuel to spill into the Sea. French coastguard said the Liquefied Petroleum Gas (LPG) carriers the Happy Bride and the Sigmagas hit each other at 1920 GMT. There were no reported injuries and both vessels had been towed back to port. However, 60 tonnes of bunker fuel oil had been spilt in the collision.

Maersk Vessel Involved in Collision

Maersk Holyhead, a 20,900 cbm semi-ref liquefied petroleum gas carrier (lpg-carrier), on November 6 collided with the Liberian panamax bulk carrier PEQUHT 53-55 miles off the Maracaibo Lake channel.

Odfjell Takes 50% Of Brazilian Shipper

Norwegian chemical tanker operator Odfjell last week acquired a 50 percent stake in Brazilian shipping company Flumar. Odfjell said the purchase would mean an investment of $10 million and would result in a strengthening of both companies' positions in the region. "Brazil has a considerable growth potential in production and handling of chemicals," Odfjell said. Flumar operates three chemical tankers and vessels for liquefied petroleum gases and sails mainly along the Brazilian coast. Odfjell operates more than 60 vessels in a global network.

Hyundai Mipo Order Revised Up

According to a Nov 13 Reuters report, Hyundai Mipo Dockyard Co Ltd said it had signed a $408m order that revised up a 2007 contract to reflect changes to ship types. South Korea-based Hyundai Mipo had initially won a $373m order for eight container ships from an unidentified company in Europe in September 2007. The new contract now calls for the shipbuilder to deliver two container ships, two product carriers and three liquefied petroleum gas carriers, Hyundai Mipo said in a filing with the Korea Exchange. (Source: Reuters)

Odfjell Takes 50% Of Brazilian Shipper

Norwegian chemical tanker operator Odfjell last week acquired a 50 percent stake in Brazilian shipping company Flumar. Odfjell said the purchase would mean an investment of $10 million and would result in a strengthening of both companies' positions in the region. Flumar operates three chemical tankers and vessels for liquefied petroleum gases and sails mainly along the Brazilian coast. Odfjell operates more than 60 vessels in a global network.

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.

Pirate Attack Fails Against LPGC Maido, Somali Basin

Photo courtesy EU NAVFOR

On 26 October 2010, late afternoon, the French-flagged Liquefied Petroleum Gas Carrier (LPGC) MAIDO was reported under attack from one skiff approximately 100 nautical miles south east from Dar Es Salaam, Tanzania. Pirates had managed to board the vessel; however, later in the evening they eventually abandoned it, after having been unable to get control over the crew who had locked themselves in the ship’s “citadel.” The 14 crewmembers are reported safe.  

Teekay LNG Partners' Cash Distribution Up by 1.2%

Teekay

  Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended December 31, 2014, an increase of 1.2 percent over the cash distribution of $0.6918 per unit for the quarter ended September 30, 2014. The cash distribution is payable on February 13, 2015 to all unitholders of record on January 15, 2015. The increase to the fourth quarter distribution coincides with the completion of the purchase-leaseback of an on-the-water liquefied petroleum gas (LPG) carrier from I.M Skaugen SE in November 2014.

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 petroleum gas (LPG) carrier Gaschem Stade, and brought him to Tampa General Hospital.

Shell Prelude FLNG Project – Loading Gear Contract

FMC Technologies, Inc. has announced that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the 'Shell Prelude' Floating Liquefied Natural Gas (FLNG) Project. FMC's scope of supply includes seven offshore footless marine loading arms, four for liquefied natural gas and three for liquefied petroleum gas. FMC's Loading Systems business in Sens, France will design and manufacture the equipment. FLNG opens up new business opportunities for countries looking to develop their gas resources, bringing more natural gas to market. Shell is the first to go ahead with such a project, Prelude FLNG.

Höegh teams with Aker Yards, ABB Lummus

Höegh LNG entered agreements with Aker Yards and ABB Lummus Global and started the engineering and design for its first liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit. The proposed project will consist of a ship-shaped FPSO with the capacity to treat and liquefy a well stream of approximately 88.2 Bcf/year, or annual production of approximately 1.6 million tons of LNG and approximately 500,000 tons of liquefied petroleum gas (LPG). The LNG FPSO will have storage capacity of 6.4 MMcf of LNG and 1.1 MMcf of LPG. Deliveries are scheduled to begin in mid-2011. Höegh LNG will manage the pre-front end engineering and design (FEED) phase, with Aker Yards performing work on the FPSO hull, containment and utility systems.

MacGregor Wins Orders for Pusnes Deck Machinery

Pusnes Deck Machinery (Photo: MacGregor)

MacGregor, part of Cargotec, announced it has secured orders for a series of Pusnes deck machinery packages for several shipowners. The Pusnes equipment has been specified for different ship types that are going to be built by the Hyundai Group and Sungdong Shipbuilding & Marine Engineering, in South Korea. MacGregor's Pusnes deck machinery has been specified for the following ship types: twelve very large crude carriers (VLCC); four Suezmax tankers; six liquefied petroleum gas (LPG) carriers…

Laugfs Buys Third LPG Carrier Vessel

Photo: LAUGFS Holdings

Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas,  has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports  Lanka Business Online quoting company sources. The 1998-built 3,500-cbm Lady Martine was bought from Ultragas at a price of $2.875m and will be renamed Gas Courage. It will be reflagged to Sri Lanka. Laugfs Maritime Services private limited operates with Board of Investments of Sri Lanka approval to carry out a business of sea cargo operation services.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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