Marine Link
Sunday, June 16, 2024
SUBSCRIBE

Lpg News

22 May 2024

Russia Planning New Sea Terminal for LPG Exports to Asia

© Wojciech Wrzesień / Adobe Stock

Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday.Last week, Russian Direct Investment Fund (RDIF) struck an agreement with Chinese petrochemical company Haiwei to finance the marine terminal in Russia's Far East to ship LPG. It did not provide the timings for the project completion.The agreement, signed ahead of President Vladimir Putin's visit to China on May 16-17…

16 May 2024

MOL and TotalEnergies Ink Time Charter Deals for Two VLGC Newbuilds

© dechevm / Adobe Stock

Mitsui O.S.K. Lines (MOL) has signed a time charter contract for two liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) with a subsidiary of TotalEnergies, CSSA Chartering and Shipping Services (CSSA).MOL made the agreement through its subsidiary MOL Energia.The vessels will be built by Hyundai Samho Heavy Industries in South Korea and are scheduled for delivery in 2026.The overall length of vessels is 230 meters, with brad of 32.25 meters. Their cargo tank capacity is 88…

26 Apr 2024

MOL Takes Delivery of Dual-Fuel LPG and Ammonia Carrier Newbuild

The LPG-fueled LPG and ammonia carrier Aquamarine Progress II (Credit: MOL)

Mitsui O.S.K. Line (MOL) has taken delivery of the newly built dual-fuel LGP and ammonia very large gas carrier (VLGC) Aquamarine Progress II, which will sail under charter with a Japanese LPG importer and distributor.Ordered by MOL’s company Aramo Shipping (Singapore), the Aquamarine Progress II has been delivered by Namura Shipbuilding.The Aquamarine Progress II will sail under a time charter contract with GYXIS Corporation, a Japanese LPG importer and distributor.The vessel is 230 meters long, with the breadth of 36.6 meters.

04 Apr 2024

Wärtsilä to Supply Cargo Handling Systems for Solvang’s Newbuild VLGC Vessels

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling systems for additional two new very large LPG carrier vessels to be built at the HD Hyundai Heavy Industries in South Korea.The ships have been contracted by Norwegian ship owner Solvang. The order follows a similar one placed in 2023 for five vessels being built at the same yard for the same owner.The very large gas carriers (VLGCs) are of Panamax size and form the next generation of eco-vessels.

14 Mar 2024

NYK and Astomos Energy Christen New Jointly-Owned Dual-Fuel LPG Carrier

Gas Garnet vessel (Credit: NYK)

As their first jointly owned liquefied petroleum gas (LPG) carrier in 21 years, NYK and Astomos Energy have named the new vessel Gas Garnet.The companies held a naming ceremony at the Sakaide Works of Kawasaki Heavy Industries on March 1, 2024.The 86,953 m3 capacity vessel was christened Gas Garnet by Yoshihito Takahashi, senior executive officer of Astomos Energy. This is the first jointly owned LPG vessel by the companies after they shared ownership of Gas Capricorn from 2003.The vessel has a breadth of 37.2 meters…

09 Jan 2024

Nakilat Grows Fleet with Six New LNG and LPG Carriers

(Credit: Nakilat)

Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174,000 cubic meters each and four very large LPG/ammonia gas carriers, with a substantial cargo capacity of 88,000 cubic meters.The vessels are set to be delivered between 2026 and 2027, Nakilat said.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels…

14 Dec 2023

Wärtsilä’s Inks Deal for Supplies on Four new LPG Ships

Wärtsilä will supply the cargo handling and fuel supply systems for four new 40,000 m3 gas carrier vessels. The ships are being built at the CIMC SinoPacific Offshore & Engineering (SOE) shipyard in China for Norwegian shipowner Avance Gas. The Wärtsilä LPG Fuel Supply System (LFSS) is a system that enables the use of LPG as fuel. This increases operational efficiency and supports environmental sustainability.These will be the first medium sized LPG carrier vessels built at the SOE yard.

22 Aug 2023

Maersk Tankers to Manage Astomos VLGCs

Source: Maersk Tankers

Astomos Energy, the biggest LPG distributor and trader in Japan, has chosen Maersk Tankers as voyage manager for, initially, five very large gas carriers (VLGCs).The Maersk Tankers service includes day-to-day vessel operations, fuel optimisation and claims handling. It covers full post-fixture support from the time the vessel is fixed for a voyage, through its successful execution, to the closure of the voyage books.“We are honored to commence the partnership with Maersk Tankers, not only pursuing efficient operation but also environmental goals.

21 Aug 2023

LPG: Dual-Fuel Engines Prove Their Worth

2022 was the first year all 15 VLGCs of BW LPG’s dual-fuel LPG retrofitted ships were sailing. Image courtesy of BW LPG

BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…

28 Mar 2023

Approval in Principle Granted for VLGC with Carbon Capture

Source: China Classification Society

China Classification Society (CCS) has issued Approval in Principle (AIP) for the design of the world’s first low carbon very large gas carrier (VLGC). The concept design is based on an LPG dual fuel ship type with a carbon capture system onboard. Two Type C low-temperature carbon dioxide storage tanks are located on both sides of the open deck in the cargo area, and the designed carbon dioxide capture rate of the system can reach over 85%. CCS’s Shanghai Rules & Research Institute issued the AIP to Jiangnan Shipbuilding for the design which was developed jointly with No.

27 Jan 2023

NYK to Build Fifth LPG Dual-Fuel VLGC

Image courtesy NYK/Kawasaki Heavy Industries

NYK ordered its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG/liquefied ammonia gas carrier (VLGC) from Kawasaki Heavy Industries Ltd. (KHI). The ship will be built at the KHI Sakaide Works shipyard and is set for delivery in 2026.This vessel is the seventh in NYK's fleet of LPG-fueled LPG carriers and the fifth in a new type of vessel that is also capable of carrying ammonia and will be equipped with separate cargo tanks designed to carry LPG and ammonia at the same time to flexibly respond to various trade patterns.In addition to the LPG dual-fuel engine…

13 Jan 2023

Wilhelmsen Takes Over Management of HLS' New VLGC

(Photo: Wilhelmsen Ship Management)

Norwegian vessel operator Wilhelmsen Ship Management announced it has taken over management of the newbuild liquefied petroleum gas (LPG) carrier HLS Blue Sapphire.The 86,000-cubic-meter-capacity very large gas carrier (VLGC) is the first managed by Wilhelmsen for new client Hyundai LNG Shipping of South Korea.The LPG dual fuel vessel was built at South Korea's Hyundai Samho Heavy Industries Ltd.

27 Dec 2022

Second LPG Dual-Fuel VLGC for Astomos Named Lantana Planet

Photo courtesy NYK/Astomos

On September 16, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for a new VLGC (very large gas carrier) that NYK will charter to Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company.At the ceremony, the ship was named Lantana Planet by Mitsuru Yamanaka, executive vice president of Astomos Energy Corporation, and the ceremonial rope holding the vessel in place was cut by his wife. NYK senior managing executive…

05 Dec 2022

Wärtsilä’s Cargo Handling and LPG Fuel Supply Systems for Exmar Gas Carriers

©Wärtsilä

Wärtsilä will deliver its cargo handling and LPG fuel supply systems for two LPG/Midsize gas carrier vessels being built at Hyundai Mipo Dockyard in South Korea for EXMAR LPG.EXMAR LPG is a joint venture between EXMAR, a maritime and offshore solutions provider and Seapeak. According to Wärtsilä, the 46,000 m3 capacity vessels will be the largest of their kind in the world, and there is an option for two additional ships as well. Wärtsilä recently supplied a similar scope of solutions…

12 Jul 2022

Russia's LPG Exporters to Use Georgia's Poti Port

© k_samurkas / Adobe Stock

Russian exporters will start shipping supplies of liquefied petroleum gas (LPG) to Bulgaria via Georgia's Black Sea port of Poti in July as traditional export routes remain closed, according to traders and Refinitiv Eikon statistics.Russia stopped supplying LPG to Ukraine on Feb. 24, when Russia sent troops into the country in what Moscow calls a "special military operation", and has also stopped LPG rail transit to Romania, Hungary and Moldova via Ukraine, obliging exporters look for new routes.Finland…

05 Jul 2022

Guangzhou Shipyard Delivers Pair of Innovative Newbuild Ships

The 57,000 dwt Greenway, an LNG dual fuel Suezmax tanker built by GSI shipyard in China for Singapore headquartered shipowner Eastern Pacific Shipping Pte. Ltd. (Photo: Guangzhou Shipyard International)

Guangzhou Shipyard delivered a pair of innovative ships recently: the 274m, 157,300 dwt Greenway reported to be the world’s first LNG dual fuel Suezmax tanker built for Singapore headquartered shipowner Eastern Pacific Shipping Pte. Ltd.; and the 49,990 dwt tanker Stena Pro Marine, the second methanol-fueled ship ever built in China.The Stena Pro Marine was handed over to Proman Stena Bulk, a joint venture between Sweden’s Stena Bulk AB and Switzerland-headquartered Proman, with…

19 May 2022

Tech File: Wärtsilä Delivers Last of 15 LPG Fuel Supply Systems

BW Malacca, the last vessels in the series of 15 Very Large Gas Carriers (VLGC’s) retrofitted with Wärtsilä LPG Fuel Supply System © BW LPG

Wärtsilä said it completed delivery of its liquefied petroleum gas (LPG) fuel supply system (LFSS) to 15 very large gas carrier (VLGC) vessels owned and operated by BW LPG, which has the world’s largest fleet of VLGC vessels.BW LPG ordered the first four of these 15 systems in 2018, immediately following Wärtsilä’s full-scale testing of a full-sized two-stroke marine engine operating with LPG fuel. This was the world’s first such testing protocol, and the performance attained was seen as exceeding expectations.

08 Dec 2021

NYK to Build Two LPG Dual-Fuel Very Large LPG / NH3 Gas Carriers

Image courtesy NYK/Kawasaki Heavy Industries

NYK ordered its first two liquefied petroleum gas (LPG) dual-fuel very large LPG / ammonia (NH3) gas carriers (VLGCs) from Kawasaki Heavy Industries, Ltd., both to be built at the KHI Sakaide Works shipyard and are set delivery in 2024.Both ships will be equipped with separate cargo tanks designed to carry LPG and ammonia at the same time to flexibly respond to various trade patterns. Ammonia is attracting attention not only as a raw material for chemicals and fertilizers but…

24 Jun 2022

MAN Helps BW LPG Complete Dual-fuel Carrier Retrofits

BW Malacca - Credit: MAN

Oslo-listed LPG vessel operator BW LPG has converted the main engine of the ‘BW Malacca’ vessel to dual-fuel running. The last such conversion for a series of 15 LPG carriers, the ship’s MAN B&W 6G60ME-C9.2 type engine was retrofitted to an MAN B&W 6G60ME-C9.5-LGIP dual-fuel type capable of operating on fuel oil and LPG.The work was carried out at Yiu Lian Dockyards in Shenzhen, China in conjunction with the vessel’s scheduled, five-year docking and under the supervision of MAN PrimeServ, MAN Energy Solutions’ after-sales division.

14 Jan 2022

VesselsValue Buys Norwegian Shipping Research firm ViaMar

Credit: Photo Gallery/AdobeStock

Online valuation and data provider, VesselsValue, said Friday it had acquired the Norwegian shipping research and advisory company, ViaMar.ViaMar, based in Oslo, is becoming part of VesselsValue which has over 200 employees across eight offices worldwide in the UK, Singapore, Hong Kong, Shanghai, Seoul, and Manila.The Norwegian company provides market research and advisory services in shipping, energy and financial markets, and, according to VV, has particularly strong relationships with major banks…

27 May 2022

Abu Dhabi's Al Seer Marine Buys LPG Tanker Duo for $67M to Meet Growing Demand

Credit: Andrey Vlasenko

Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has said it has acquired two vessels, valued at a combined AED 246 million ($66,97 million), to meet the "rapidly growing demand for transportation of liquified petroleum gas (LPG)."Al Seer Marine has purchased LPG tankers, MT Alcor and MT Alkaid, each with a capacity of 20,700 cubic meters. The vessels are expected to provide an internal rate of return (IRR) of 25%, Al Seer Marine said. The company plans to buy up to 15 ships in 2022.

11 Jan 2022

Nakilat Taps ABS to Develop Decarbonization Plan

(Photo: Nakilat)

Qatari shipping company Nakilat, one of the world’s largest liquefied natural gas (LNG) shipping operators, said it has partnered with U.S.-based classification society ABS to develop its decarbonization strategy.Over the past months, Nakilat’s project team has worked with ABS sustainability specialists to map out decarbonization pathways for the company’s fleet of 69 LNG carriers and four very large liquefied petroleum gas (LPG) carriers. The project will ultimately see Nakilat’s vessels receive the ABS SUSTAIN notation…

13 Jun 2022

Suez Canal Says LNG, LPG Carrier Rebates Extended to End of 2022

Copyright alexyz3d/AdobeStock

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website.LPG tankers operating between the American Gulf and ports west of India, on the Maldives islands and at Kochi will receive a rebate of 20% on the canal's normal tolls, according to a circular published on its website on Monday.Those operating from ports east of Kochi to Singapore will receive a rebate of 55%, and from Singapore ports east will have a rebate of 75%.LNG