BW LPG

BW LPG Secure Financing For Retrofitting Of Six VLGCs With LPG Dual-Fuel Propulsion Engines

BW Gemini - World’s First Successful LPG-Retrofit

BW LPG Limited reported a Q2 2021 net profit after tax of USD 23.1 million, yielding an annualised return on equity of 7.1% with USD 80.8 million of free cash flow. EBITDA was USD 54.8 million for Q2 2021, representing an EBITDA margin of 58.3% for the quarter. Earnings per share was USD 0.16.

Q2 2021 VLGC freight rates were USD 24,500 per calendar day, or USD 27,500 per available day with 96% commercial utilization. Time Charter Equivalent (“TCE”) income decreased to USD 94.0 million for Q2...

https://www.marineinsight.com/shipping-news/bw-lpg-secure-financing-for-retrofitting-of-six-vlgcs-with-lpg-dual-fuel-propulsion-engines/

Dual-Fuel LPG Powered Ships, BW LPG Pioneers

  • Several owners and operators of Republic of the Marshall Islands (RMI) flagged vessels are looking at innovative ways to power their ships.
  • BW LPG is in the midst of a significant project to convert 15 of its very large gas carriers (VLGCs) to be powered by both LPG and traditional fuel oil.
  • The RMI Registry’s Gas Team, with technical experts located globally, is collaborating with BW LPG on this project.

A recent news article published in the International Registries reveals about World’s...

https://mfame.guru/dual-fuel-lpg-powered-ships-bw-lpg-pioneers/

Alpha Ori Technologies Closed $6M Investment Round

Maritime digital solutions provider Alpha Ori Technologies has closed a $6m investment round. The round was jointly led by leading ship owners Hafnia and BW LPG, reports seanews.

Diverse Range

Mikael Skov, CEO of Hafnia, has now joined the Alpha Ori Technologies board of directors.

With a diverse range that includes SMARTShip, SMARTVoyager, ShipPalm and VIO, AOT is transforming the multi-trillion dollar maritime industry by replacing disjointed analogue systems with smart digital enterprises.

Rapidl...

https://mfame.guru/alpha-ori-technologies-closed-6m-investment-round/

World’s First LPG Powered Vessel, Major Breakthrough

  • The world’s first LPG-fuelled vessel successfully set sail in October 2020.
  • Wärtsilä’s customised and reliable Fuel Supply System, the vessel represents a major breakthrough in the search for new ways to reduce marine emissions.
  • BW LPG, the world’s largest owner and operator of very large liquified petroleum gas (LPG) carriers.

A Wärtsilä news report says that retrofit highlights use of LPG as a marine fuel.

BW LPG

BW LPG, the world’s largest owner and operator of very large liquified petroleum...

https://mfame.guru/worlds-first-lpg-powered-vessel-major-breakthrough/

+ More