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DryShips Buys First Very Large Gas Carrier
DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at…
DryShips exercises option for Chartered VLGC
DryShips Inc. announced today that it has exercised its first option under the previously announced option agreement to acquire one Very Large Gas Carrier (“VLGC”)…
Dryships to Expand into VLGC sector
DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr.
DryShips Expands to Gas Carrier Market with Four New VLGCs
DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer, George Economou…
Vessel Earnings and Global Fleet Trends
Clarkson Research Services says market conditions across most sectors of the shipping industry have been highly challenging in 2016. The ClarkSea Index, which illustrates…
Great Ships of 2016: Ethane Crystal
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Owner: Reliance Industries, Ltd. The world’s first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to India’s Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI). The vessel is now the world’s largest purpose-built ethane carrier – comparable in size to today’s very large gas carriers (VLGC) – and with its 87,000 cu.
Vessel Oversupply to Persist in the VLGC Shipping Sector
High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates…
World’s Largest Ethane Carrier Delivered
The world's first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to India’s Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI), representing a significant milestone for the gas shipping industry. The vessel is now the planet’s largest, purpose-built ethane carrier – comparable in size to today’s very large gas carriers (VLGC) – and with its 87…
Pressure Mounting on VLGCs Rates - Drewry
A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
WSS Assists Avance Gas Vessels Transit Panama Canal
Wilhelmsen Ships Service (WSS) is moving to ensure that its customers’ vessels pass through the new Panama and Suez Canals with the optimum efficiency, speed and…
G E Shipping Acquires Secondhand VLGC
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Secondhand Very Large Gas Carrier “Jag Vidhi” (1996 built) of about 76,931 cbm. The company…
BW LPG Registers 10% Growth in VLGC Fleet
Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export. However,…
Rising VLGCs fleet Impact LPG Freight Rates
LPG shipping freight rates are forecast to deteriorate further through 2016 as a result of the fast rising fleet of Very Large Gas Carriers (VLGCs) which has already…
GE Shipping Buys VLGC
The Great Eastern Shipping Company Ltd. (G E Shipping) has contracted to buy a Secondhand Very Large Gas Carrier (1996 built) of about 76,931 cbm. The Japan-built…
Dorian Delivers Caravelle Sells Grendon
Dorian LPG Ltd. reported today that it took delivery of the ECO VLGC Caravelle from Hyundai Samho Heavy Industries. The Caravelle is Dorian LPG's 19th and final scheduled newbuilding delivery.
Cautious Optimism in LPG Shipping: Dorian LPG
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG…
Dorian LPG Post 3Q 2016 Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers, today reported its financial results for the three months ended December 31, 2015.
Mangalore Port to Roll out LNG Terminal, Ro-Ro Service
India's New Mangalore Port Trust (NMPT) Chairman P.C. Parida said the port is confident of completing work on the proposed Liquified Natural Gas (LNG) terminal which shall be operational in 2017.
Dorian Acquires ECO VLGC Challenger
Dorian LPG Ltd., a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it took delivery of the ECO VLGC Challenger from Hyundai Samho Heavy Industries.
Wilhelmsen Ship Management, Aurora LPG form JV
Wilhelmsen Ship Management (WSM) announced a joint venture agreement with Aurora LPG Holding ASA (Aurora) for the technical management of Aurora's VLGC fleet. The…