Tag: LPG carriers

The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered, very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding (Namura) and was delivered to MOL Energia earlier this day. This vessel, is one of the largest vessels of its type capable of carrying ammonia.

During the 2023 GREEN4SEA Athens Forum, Mr. Peter Quaade, Manager, Head of Dual Fuel Technology group, MAN Energy Solutions, presented the benefits that a ME-LGIP engine offers, such as supporting the use of LPG for propulsion of large merchant marine vessels, giving also potential for global bunkering network as smaller LPG carriers can be used for STS bunker operations. These are designed to be dual fueled with LPG as the low-flashpoint fuel, he explained.

Dorian LPG Ltd., one of the world’s largest owners and operators of modern and ECO very large gas carriers (VLGCs), is pleased to announce that it took delivery on long-term Time Charter of the 2023-built Dual-Fuel LPG Carrier HLS Citrine.

SAFETY4SEA is pleased to announce that World LPG Association (WLPGA) has received the 2020 GREEN4SEA Initiative Award, sponsored by DORIAN LPG MANAGEMENT CORP, at a prestigious award ceremony which successfully concluded on March 3rd at Yacht Club of Greece in Athens, the evening ahead of the 2020 GREEN4SEA Athens Forum.

The international dry cargo and tanker markets are immense and are served by numerous ships of several types and of various sizes.

Amid an ongoing trade war between China and the US, as well as major geopolitical tensions globally, it is likely that total ordering activity will be softer near term, representing a downside risk to the positive development of newbuilding prices, according to VesselsValue. 

Martin Ackermann, CEO of BW LPG confirmed that the company's LPG carrier 'BW Helios' arrived at a recycling facility in India on January 21, as the company aspires to be compliant with the Hong Kong Convention. The yard was fully inspected and certified by an International Class Society in Mar 2017, meeting the requirements of IMO Resolution 210/63, 2012 guidelines for the safe and environmentally sound recycling of ships, as per the Hong Kong Convention.

K Line’s large gas carrier 'Grace River' has carried and discharged Ichthys LNG Project’s first LPG cargo carried to Japan, according to the company's statement. The cargo was imported by Astomos Energy Corporation at Kyushu L.P.G. Fukushima Terminal, on January 23.

Containers and LPG tankers are expected to be the market winners for the coming year, although the overall outlook for shipping asset prices remains bright, VesselsValue said in its latest forecast on shipping market for Q1 2019 to Q1 2020.

Among the different size categories of LPG ships, the small vessel segment is expected to be the best performer in 2018, while handysize vessels will be the worst, according to global shipping consultancy Drewry. Fleet growth will be the main catalyst for their freight rate outlook.