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GE Shipping to Buy Secondhand VLGC
India's largest private sector shipping company which mainly transports liquid, gas and solid bulk products Great Eastern Shipping Company Limited (GE Shipping)…
HHI to Build First LPG-Powered Dual-Fuel Engine VLGC
Hanjin Heavy Industries (HHI) has announced that it will construct two Very Large Gas Carriers (VLGCs) in their Philippines Facilities for EXMAR, the Belgian integrated gas shipping company.
First LPG-powered Dual-fuel VLGCs Ordered
Shipbuilder Hanjin Heavy Industries announced it will construct two 80,000 m3 very large gas carriers (VLGC) at its Philippines facilities for Belgian integrated gas shipping company EXMAR. Upon construction, the carriers will be chartered by Statoil. The newbuildings will each be powered by an individual MAN B&W 6G60ME-LGIP Mk9.5 engine. MAN Diesel & Turbo reports liquefied petroleum gas (LPG) was…
EXMAR’s New VLGCs to Run on LPG
Two very large gas carrier (VLGC) newbuildings being constructed for Belgian owner EXMAR will be equipped with main engines that will use liquefied petroleum gas (LPG) as fuel.
Silver Lining for VLGC Shipowners: Drewry
A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15…
Hyundai Heavy Industries, KOTC Ink Gas Carriers Deal
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…
DryShips Adds Fourth VLGC
DryShips, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of its fourth high specification very large gas carrier (VLGC) newbuilding.
EXMAR, Statoil Sign Deal for VLGC Newbuilds
EXMAR said it has entered into an agreement with Statoil for two newbuild 79,500 m³ very large gas carriers (VLGC) to transport liquefied petroleum gas (LPG) in a long-term commitment.
BW LPG Sees Better Market Sentiment for 2018 vs 2017
Natural gas shipper BW LPG expects a better freight market in 2018 than in 2017 and will not make any new long term contracts below $20,000 per day for its very large gas carriers (VLGC), CEO Martin Ackerman said on Thursday.
DryShips Announces VLGC Time Charter
DryShips, a diversified owner of ocean going cargo vessels, announced that, on November 5, 2017, its third Very Large Gas Carrier commenced its time charter on a…
DryShips Adds Third VLGC
DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has taken delivery of the previously announced high specifications third newbuilding Very Large Gas Carrier (VLGC).
DryShips Commences 5 Year TC for Second VLGC
DryShips, a diversified owner of ocean going cargo vessels, announced today that, its second Very Large Gas Carrier commenced its time charter on a fixed rate with…
Dryships Adds New VLGC
DryShips Inc, a diversified owner of ocean going cargo vessels, has announced that it has taken delivery of the previously announced high specifications second newbuilding…
VLGC Asset Values to Fall in Sync with Freight Outlook: Drewry
Given the weak freight rate outlook for LPG shipping over the next twelve months, Drewry believes there is more downside risk to the second-hand values of very large gas carriers (VLGCs)…
LPG Shipping Faces Rough Weather
After reaching record levels during the first four months of 2017, U.S. LPG export cargoes have seen a number of cancellations or deferments in June and July, said Dorian LPG in a press statement.
BW LPG Establishes a JV in India
BW LPG Limited and Global United Shipping India Private Limited, have agreed to establish a joint venture in India in which the parties will own 50% each. The purpose of the new joint venture…
DryShips VLGC Commences Time Charter
DryShips Inc., an owner of ocean going cargo vessels, announced that on June 29, 2017, its first very large gas carrier (VLGC) commenced its time charter on a fixed…
BW LPG Refinances Six Ex-Aurora Ships
BW LPG Limited has signed a Debt Facility Agreement of USD290 million for the re-financing of six 2016 built ex-Aurora ships. The re-financing has been raised from…
DryShips Opts for Second VLGC Newbuild
DryShips Inc., owner of ocean going cargo vessels, said it has exercised its second option under a previously announced option agreement to acquire up to four very…
Oversupply Pressure on LPG Shipping Rates
The LPG shipping trade will continue to grow at a healthy pace on the back of strong Asian demand, but fleet growth will outpace it, keeping rates under pressure in 2017…