Liquefied Petroleum Gas News

The Panama Canal expects to be ready to combat a possible new drought, which could hit the world's second-largest waterway within four years, by accommodating larger vessels, securing dedicated passage for some ships and expanding its water reservoirs' capacity, its chief, Ricaurte Vasquez, said on Monday.The canal authority has announced a return to 36 vessel transits per day and a maximum draft of 50 feet (15 meters) for vessels to pass, considered normal standards for this time of the year…

“It was the best of times, it was somewhat confusing times, it was the age of wisdom, it was the age of the learning curve, it was the season of light, it was the season of, uh, still not enough light.” ― Deepest apologies to Charles Dickens, A Tale of Two Cities, 1859As the world zeroes in on alternative energy sources and products that can deliver power and performance, there are advances that could sway even the most hardened skeptic. But challenges remain—tough challenges.Two successes: renewable diesel and biodieselRenewable diesel (RD) is required now (since January 1…

Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 billion yuan ($1.3 billion) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX's assets.The group's unit Hengli Heavy Industry expects to build annual steel processing capacity of 1.8 million metric tons as well as 7.1 million tons annually of shipbuilding capacity in Changxing island of Dalian city, according to a posting on the company's official WeChat platform.The company said it will expand building super tankers carrying oil and liqu

The keel has been laid for the first of six new 46,000m³ midsize liquefied petroleum gas (LPG)/ammonia carriers being built at HD Hyundai Mipo in South Korea for Exmar LPG, a joint venture between Exmar and Seapeak.The series' first newbuild is scheduled for delivery during the first quarter of next year, and the remaining vessels will be delivered through the end of 2026.The first two vessels in this series will be powered by LPG dual fuel engines, while the last four will be driven by ammonia—a world first.

NYK and Astomos Energy have named their second jointly owned large liquefied petroleum gas (LPG) carrier Gas Amethyst at the Sakaide Works of Kawasaki Heavy Industries.Following Gas Garnet vessel, which was delivered in March this year, Gas Amethyst is the second jointly owned LPG dual-fuel vessel to be delivered this year and the fourth LPG dual-fuel vessel for Astomos Energy.Gas Garnet is 229.90 meters long vessel, with a tank capacity of 86,953 m3.The vessel is equipped with a dual-fuel engine that can use heavy oil and LPG as fuel.

Amon Maritime has launched a new venture Amon Gas with a NOK 180 million investment grant from ENOVA to build ammonia-powered medium gas carriers (MGC).The grant was awarded at a ceremony hosted by the Norwegian minister of climate and the environment together with ENOVA at DNV headquarters at Høvik.“This is a significant milestone towards realizing carbon free transportation systems within the gas carrier segment. Amon Gas will provide the market with low-emission vessels while simultaneously meeting customer demands with innovative solutions…

The prices for newbuild vessels have risen to their highest level in 16 years, according to latest figures from shipping association BIMCO.“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is up 2% year-to-date,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Shipyards’ global order book currently stands at 133m compensated gross tonnage (CGT)…

The U.S. Coast Guard is seeking public input on the training and experience requirements necessary for mariners working aboard vessels using alternative fuels, including methyl/ethyl alcohols, liquefied petroleum gas (LPG), fuel cells, batteries and ammonia. Recent newbuild statistics show that owners of commercial vessels are embracing alternative fuels as a means to reduce emissions of nearly all types from their operations.As new ships using alternative fuels come into service…

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…

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…

Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina, has welcomed two new very large gas carriers (VLGCs) to its fleet, named Pertamina Gas Caspia and Pertamina Gas Dahlia.The new vessels are specifically optimized for transporting vital commodities like liquefied petroleum gas (LPG), as well as other petrochemicals such as propylene and ammonia, intended for international trade routes.Both tankers measure 300 meters in length, with a capacity of 91,000m3.

DNV has awarded HD Hyundai Mipo Dockyard an approval in principle (AIP) for the design of ammonia dual fuel 45,000 m3 liquefied petroleum gas (LPG) carriers.The presentation took place at the HD Hyundai Global R&D Center (GRC) in Seongnam, Korea. HD Hyundai Mipo (HMD), who have developed the basic ship design, provided detailed engine specifications and operational data from global engine maker, WinGD, and reviewed the safety and suitability of the design with DNV. The designs are based around a new 10…

Yemen's Houthis targeted a fuel tanker, Mado, in the Red Sea with naval missile and Israel's Eilat port and resort region with winged missiles, the group's military spokesperson Yahya Sarea said on Tuesday.Mado is a Marshall-Islands flagged liquefied petroleum gas (LPG) tanker heading to Singapore from Saudi Arabia, maritime shipping trackers showed. The Houthis described it as American, but Equasis's shipping database indicates that it is owned by Naftomar Shipping & Trading Co Ltd of Greece.

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…

QatarEnergy has announced that it is proceeding with a new LNG expansion project, the “North Field West” project, to raise the nation’s LNG production capacity to 142 million tons per annum (MTPA) before the end of this decade.This represents an increase of almost 85% from current production levels.Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, made the announcement during a press conference on Sunday. He said that extensive appraisal…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will deliver the fuel supply system for Exmar’s two new medium size gas carriers that will operate with ammonia fuel.The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner Danish shipowner Exmar LPG, a joint venture between Exmar, a multi-disciplinary maritime and offshore solutions provider, and Seapeak, one of the largest independent owner-operators of liquefied natural gas vessels.These…

Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina, said on Wednesday it plans to add six new very large gas carriers (VLGC) in 2024 as it eyes fleet expansion focused on gas transport.The company this week launched two VLGCs, built by South Korea's Hyundai Samho Heavy Industries, and each vessel has a 91,000 cubic metres capacity, which PIS said is among the biggest in the world.The two vessels were designed to transport liquefied petroleum gas (LPG) as well as ammonia, PIS said in a statement."We plan to add six VLGCs in 2024, starting from the two VL

The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group, on September 29.Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, supported Namura and contributed to the delivery of the vessel, based on a technical cooperation agreement executed between the two companies in August 2021.

Classification society Lloyd’s Register (LR) announced it has granted approval in principle (AIP) to South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for its new 45,000cbm liquefied petroleum gas (LPG) carrier design, with availability to be ordered with ammonia dual-fueled propulsion. The dual fuel system equipped on HMD’s LPG carrier allows operators and owners to prioritize their environmental, societal and governance (ESG) strategies for their fleets and align with the IMO’s revised goal of net zero CO2 emissions by 2050.

The Global Centre for Maritime Decarbonisation (GCMD) found carbon emissions fell 83% using a vegetable oil biofuel blend compared with marine gasoil in a trial for a dual-fuel liquefied petroleum gas (LPG) carrier, the center said on Tuesday.This was the third of five supply chain bunkering trials that the GCMD has undertaken as part of an $18 million project to test different biofuel blends to reduce carbon emissions. The trials are key to helping the fuel and shipping industries…

The UK Marine Accident Investigation Branch (MAIB) has published its accident investigation report into the fatal engine room fire on board Moritz Schulte on August 4, 2020, citing training issues.On 4 August 2020, a fire broke out in the engine room of the liquefied petroleum gas/ethylene carrier Moritz Schulte when the recently promoted third engineer opened an auxiliary engine’s pressurised fuel filter allowing marine gas oil to spray onto an adjacent auxiliary engine’s hot…

The IMO’s latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are essential for many countries and therefore ships have a key role in supporting the world’s energy transition – not only on their own account, but at a global level.As world shipping accounts for about 3% of greenhouse gas emissions, its environmental importance attracts wide attention. And plenty of criticism.

Growth in sea-borne imports of liquefied petroleum gas (LPG) to Poland slowed 7% last year to 1.084 million metric tons, from a jump of more than 70% in 2022, with sea terminals working almost at capacity, according to traders and LSEG data.Sea-borne imports account for some 35% of total LPG supplies to Poland, while deliveries by rail was more than 50%.Poland also remained the main destination for Russian LPG, which was banned by the European Union last month over the conflict…