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BW LPG Orders Four DSME VLGC Newbuildings
BW LPG Limited has entered yesterday into ship building contracts for four Very Large Gas Carrier (VLGC) newbuildings with Daewoo Shipbuilding and Marine Engineering (DSME).
Helios LPG Pool to Start Operating
Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015. Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte.
BW LPG Exercises Purchase Option on Vermilion First
BW LPG Limited exercises purchase option over Very Large Gas Carrier Vermilion First. The VLGC Vermilion First has been on a time charter with BW LPG since the acquisition…
Mitsubishi Bags Fourth LPG Carrier Order from Astomos
Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier. The 83,000…
Milaha Reports 32.8% Q4 Net Profit Increase
Qatar Navigation (Milaha) Q.S.C. increased fourth quarter net profit 32.8 percent, the company announced today in its 2014 financial results. It will pay a 55% cash dividend for 2014, a value of 5.5 Qatari Rials ($1.51) per share. The company said it increased its net profit 10% in 2014 over 2013, from QR950 million ($260 million) to QR1.059 billion ($290 million). The Gas & Petrochem segment had an extremely strong year relative to 2013…
Scrubbers Installed on Newbuild Gas Carrier
The ECO VLGC Corvette, delivered from Hyundai Heavy Industries on January 2, 2015, is fitted with a Class and Flag State approved exhaust gas cleaning system (EGCS) provided by Clean Marine. The measurements of exhaust gas emission and washwater criteria are well below the required limits stated in the MEPC guideline 184(59). This ensures vessel compliancy with the 0.1% sulphur limit in ECAs, which has been in place from January 1 this year. The vessel is also compliant with the stricter U.S.
Dorian LPG Acquires the "Corvette"
Dorian LPG Ltd. reported that on January 2nd it took delivery of the ECO VLGC "Corvette" from Hyundai Heavy Industries. "Corvette", Dorian's third newbuilding delivery…
Dorian LPG Reports 2Q 2015 Financial Results
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Took delivery of the second vessel under our VLGC newbuilding program…
Dorian LPG Receive Second New VLGC
Dorian LPG Ltd. operators of Very Large Gas Carriers ("VLGCs") says it has received the 'Corsair', the second VLGC in its newbuilding program. ECO VLGC "Corsair"…
Dorian LPG Announces Delivery of the "Corsair"
Dorian LPG Ltd., a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), today reported that it has taken delivery of the ECO VLGC "Corsair" from Hyundai Heavy Industries.
Dorian LPG MoU with HNA Logistics
Dorian LPG Ltd. a leading owner and manager of modern VLGC's (very large gas carriers), today announced that it has entered into a Memorandum of Understanding ("MOU")…
Wilhelmsen Secures Inert Gas System Orders
Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen Technical…
G E Shipping Takes Delivery of a VLGC
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 1994-built Very Large Gas Carrier (VLGC) “Jag Vishnu” [49,300 dwt (73,800 cbm)] on 8th July 2014.
G E Shipping Contracts to Sell a VLGC
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt…
Dorian LPG Appoints Tim Hansen Chartering Manager
Dorian LPG announce that Tim Truels Hansen will join the Company as Chartering Manager, with effect from September 1st, 2014. Dorian explians that Hansen comes to…
Dorian Rings Opening Bell Following NYSE Listing
Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the company’s New York Stock Exchange pricing on Wednesday and first day of trading Thursday. Dorian LPG is a liquefied petroleum gas shipping company and an owner and operator of modern VLGCs.
Louisiana LNG Energy Gets Terminal Funding
Louisiana LNG Energy said on Friday it has secured funding for its natural gas liquefaction facility being developed in Louisiana, which is expected to begin operations in late 2017.
OSC Plans Fleet Expansion through 2018
State-owned Oman Shipping Company SAOC (OSC) is projecting to expand its current fleet of 43 ships to 50 by 2018, the Oman Daily Observer reported. According to the report, the expansion is in line with a ramp-up in hydrocarbon, petrochemical and industrial investment throughout Oman. As the Omani economy grows, OSC looks to provide the tonnage required to meet the maritime shipping needs of expanding production capacity, a company representative told the Observer.
Gas tanker firm Avance announces Oslo IPO
Gas tanker operator Avance Gas Holding is planning an initial public offering (IPO) and aims to list its shares on the Oslo Bourse in April, one of its owners said on Wednesday…
Latest Global Ocean Trade Shipbuilding Orders
Clarkson Hellas notes that Oldendorff Carriers have declared their options for six 64,000 DWT Ultramax at Qingshan Shipyard and one 94,000 DWT self-unloader at Jiangsu New YZJ. Pricing was not disclosed, but delivery is reported to be from 4Q in 2016 for the Ultramax and due in 2Q 2015 for the self-unloader. From Japan, Namura have signed two 81,700 DWT Kamsarmax with the Taiwanese owner Wisdom Marine for delivery in 2016.