Lpg News

 

Nakilat Grows Fleet with Six New LNG and LPG Carriers

Jan 09, 2024

Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174,000 cubic meters each and four very large LPG/ammonia gas carriers, with a substantial cargo capacity of 88,000 cubic meters.The vessels are set to be delivered between 2026 and 2027…

APM Terminals Pipavav Plans New Liquid Berth

May 02, 2023

APM Terminals Pipavav will invest around $90 million in a new liquid berth. The port’s current capacity to handle 2 MMT of liquid bulk will increase to 5.2 MMT. The investment supports the port’s objective of contributing to the growth of India's logistics infrastructure…

NYK to Build Fifth LPG Dual-Fuel VLGC

Jan 27, 2023

NYK ordered its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG/liquefied ammonia gas carrier (VLGC) from Kawasaki Heavy Industries Ltd. (KHI). The ship will be built at the KHI Sakaide Works shipyard and is set for delivery in 2026…

Second LPG Dual-Fuel VLGC for Astomos Named Lantana Planet

Dec 27, 2022

On September 16, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for a new VLGC (very large gas carrier) that NYK will charter to Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company…

Russia's LPG Exporters to Use Georgia's Poti Port

Jul 12, 2022

Russian exporters will start shipping supplies of liquefied petroleum gas (LPG) to Bulgaria via Georgia's Black Sea port of Poti in July as traditional export routes remain closed, according to traders and Refinitiv Eikon statistics.Russia stopped supplying LPG to Ukraine on Feb…

Suez Canal Says LNG, LPG Carrier Rebates Extended to End of 2022

Jun 13, 2022

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website.LPG tankers…

Tech File: Wärtsilä Delivers Last of 15 LPG Fuel Supply Systems

May 19, 2022

Wärtsilä said it completed delivery of its liquefied petroleum gas (LPG) fuel supply system (LFSS) to 15 very large gas carrier (VLGC) vessels owned and operated by BW LPG, which has the world’s largest fleet of VLGC vessels.BW LPG ordered the first four of these 15 systems in 2018…

Russia Resumes LPG exports from Sea of Azov

Mar 29, 2022

Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb…

AIP to Daehan Shipbuilding for Small LPG Carriers

Dec 15, 2020

DNV GL has awarded an Approval in Principle (AIP) to Daehan Shipbuilding (DHSC) for a new design of small-size LPG carriers in the range of 5,000-7,000 DWT. The AIP handover ceremony took place recently at the DHSC headquarters in Mokpo. Dae-Seong Jeong…

Phoenix Tankers Adds New LPG Carrier

Jan 16, 2020

Japan's Kawasaki Heavy Industries (KHI) has delivered the Phoenix Gaia, an 82,200 m3 capacity liquefied petroleum gas (LPG) carrier, for Phoenix Tankers Pte. Ltd.According to a press note from the shipbuilder, Phoenix Gaia is the 60th LPG carrier…

BW LPG's CEO Martin Ackermann Resigns

Dec 09, 2019

BW LPG Limited, owner and operator of LPG vessels,  said that Martin Ackermann has decided to step down as CEO at the end of this year for family reasons, after five years leading the company from Singapore.Anders Onarheim, a non-executive director…

Babcock Wins Multiple Orders

Nov 12, 2019

UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market…

Asian LPG Market to Cross $109Bln by 2024

Nov 11, 2019

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid…

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Oct 20, 2019

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world…

Hyundai Samho Wins Orders for 5 Ships

Aug 27, 2019

South Korean shipbuilder Hyundai Samho Heavy Industries, a unit of Hyundai Heavy Industries (HHI), received orders for the construction of five vessels.According to Yonhap, the orders include two liquefied petroleum gas (LPG) carriers and three…

Logistics News

Yara and ACME Sign Ammonia Supply Agreement

Yara and ACME Sign Ammonia Supply Agreement

Animal Welfare Groups Decry Bahijah Re-Export Decision

Animal Welfare Groups Decry Bahijah Re-Export Decision

US Gulf Coast Fuel Oil Imports Hit Five-year Low

US Gulf Coast Fuel Oil Imports Hit Five-year Low

Post-cyclone Dredging Underway in India's Port of Krishnapatnam

Post-cyclone Dredging Underway in India's Port of Krishnapatnam

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