Gas Carriers News

Avance Gas has delivered the first very large gas carrier (VLGC) to BW LPG, marking the start of deliveries of total 12 vessels as part of $1.05 billion agreement signed earlier in 2024.Avance Gas concluded sale and delivery of the first VLGC, the 2015-built non-scrubber ship Chinook, to BW LPG on November 1, 2024.As part of the transaction, 1.35 million shares in BW LPG have been issued to Avance Gas corresponding to approximately 1% ownership share.The vessel is currently on…

Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.New LNG tankers, built in anticipation of rising U.S. exports after a plunge in Russian gas supplies to Europe in 2022, are coming online earlier than liquefaction projects, which have been delayed amid inflation from strong wage growth and a shortage of skilled labour and equipment.With more ships expected to come…

Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa's Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed on Thursday.Russia's new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea Route, although some such tankers still sail it.According to LSEG data, the conventional gas tanker LNG Megrez loaded at Yamal LNG plant on Oct. 2 and started its voyage around Africa to Asia with arrival set for Nov.

French engineering company GTT has received an order from Korean shipyard HD Hyundai Samho for the tank design of two new Ultra Large Ethane Carriers (ULEC).The order has been placed on behalf of shipowner Eastern Pacific Shipping.GTT will design the tanks of these two vessels, which will each offer total capacity of 150,000 m3. The tanks will be fitted with the Mark III membrane containment system developed by GTT.The containment system has been designed to carry a wide range of liquefied gases from the petrochemical industry…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels.The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner.The YAMIC yard is a joint venture between Yangzijiang Shipbuilding Group and Mitsui E&S Shipbuilding.The Wärtsilä equipment is scheduled for delivery to the yard commencing in…

Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses nuclear-powered ice breakers to pave the way for such transport via the NSR, which runs along Russia's Arctic shores from Murmansk in the west to the Bering Strait in the east, a route Moscow sees as a faster alternative to the Suez Canal and has plans to develop.But Russia is suffering from a shortage of vessels able to battle thick Arctic ice…

The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday.The source of the LNG and Palau-flagged Pioneer's destination were not immediately clear. The tanker is registered to Zara Shipholding Co, which has offices in Dubai and India's Mumbai.Shippers have largely shunned the Suez route since late last year to avoid attacks by Iran-aligned Houthis in the Red Sea.The canal is a key trade link between Europe and Asia, channeling nearly 12% of global cargo.

Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU. Since then, the project has been forced to slash production," the government statement said."Today’s action builds on this by targeting ships and entities involved in the Russian LNG sector…

The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.The expansion, aimed at reducing the average age of the company's fleet, is set to include investment in vessels to transport liquefied natural gas (LNG).Indonesia is a major producer and exporter of LNG.

Marine energy infrastructure solutions company Höegh LNG announced it has rebranded as Höegh Evi in a move that reflects its expansion beyond liquefied natural gas (LNG) vessels and terminals.Standing for “energy vector infrastructure,” the name Evi encompass a wider range of clean energy solutions, including floating infrastructure for ammonia and hydrogen, as well as carbon transport and storage (CCS), in addition to LNG.“In a world of rapid change and evolving energy demands, customers need a partner to help them balance today’s energy security needs with tomorrow’s clean energy ambitions.

The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine. Novatek has said media allegations the company was involved in establishing and managing a "shadow fleet" for the Arctic LNG 2 project were untrue.On Sept. 14, the Asya Energy vessel berthed at the plant, and departed fully loaded on Sept. 15, according to data from Kpler and LSEG.

DNV has issued an Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its cutting-edge electric propulsion liquefied hydrogen (LH₂) carrier design, which has the potential to store and transport up to 80,000 cubic meters of LH₂. The approval is a key achievement in a collaborative effort involving major industry players: HD KSOE, Woodside Energy, Hyundai Glovis, and Mitsui O.S.K. Lines (MOL). Together, these companies are working to create…

The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.Novatek may be forced to scale back the project following a a raft of U.S. sanctions including ones imposed in August.The U.S.

Alfa Laval has secured Approval in Principle (AiP) from the classification society DNV for its Gas Combustion Unit (GCU) technology for hydrogen boil-off gas to be used on liquid hydrogen carriers.The AiP affirms the technical feasibility and safety mechanism of the GCU design and concept.The boil-off gas technology is essential for liquid hydrogen carriers, as venting cargo is restricted and a GCU is needed to control tank pressure and temperature to safely combust hydrogen boil…

A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak, controlled by state-owned Petronas, consists of nine LNG production trains run by four different operators with total capacity of nearly 30 million metric tons per year, making it the largest LNG-exporting complex in Asia.Petronas' MLNG joint venture completed planned maintenance on its train 7 in August…

U.S. liquefied natural gas (LNG) company Freeport LNG's export plant in Texas was on track to return to service on Thursday after shutting on Wednesday, LSEG data showed.Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when it shuts and restarts.Energy traders, however, noted that gas prices around the world were little changed on Wednesday because Freeport said it was "actively working towards reestablishing operations." That convinced the market the outage would be brief…

BW LPG on Thursday announced it has agreed to acquire 12 very large gas carriers (VLGC) from Avance Gas in a cash and stock deal valued at more than $1 billion.The deal will see Avance Gas sell off the entirety of its VLGC fleet, including four 91,000-cubic-meter (cbm) vessels built in South Korea in 2022 and 2023 and eight 83,000-cbm vessels built in China in 2015, and grows BW LPG's owned and operated VLGC fleet from from 41 to 53.According to BW LPG, this fleet expansion comes…

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.

The first liquefied natural gas (LNG) tanker since January is sailing through the Red Sea, just days after Yemen-based Houthi militants sank their second vessel in attacks begun last November.The vessel, Asya Energy, passed Yemen, travelling through the Bab al-Mandab Strait on Tuesday, shiptracking data from LSEG and Kpler showed, the same week that the second ship believed to have been hit by the militants sank."Asya Energy is the first LNG tanker to sail through the Strait since January…

Guangzhou Shipyard International's (GSI) plan to build the world's largest ammonia carrier vessel has taken a step forward.The Chinese shipbuilder has signed a joint development project (JDP) agreement with classification society Lloyd’s Register (LR) for the design of very large ammonia carrier (VLAC) with a carrying capacity of 100,000 cubic meters (cbm)—larger than a series of 93,000-cbm VLACs currently being built at Hanwha Ocean's Geoje shipyard in South Korea for Greek shipping…

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…

Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan, South Korea.The first ship will be delivered in 2027. Each vessel, when delivered, will be equipped with a dual-fuel low-carbon ammonia engine, supporting Trafigura’s commitment to reduce the…