Singapore-based owner and operator of LPG vessels BW LPG Limited has signed agreements with […]
The post BW LPG forges JV with Confidence Petroleum, invests in LPG onshore terminal in India appeared first on Offshore Energy.
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BW LPG, ADNOC enter 1st LPG bunker supply deal in the Middle East
Singapore-based owner and operator of LPG vessels BW LPG has inked an agreement with UAE’s […]
The post BW LPG, ADNOC enter 1st LPG bunker supply deal in the Middle East appeared first on Offshore Energy.
https://www.offshore-energy.biz/bw-lpg-adnoc-enter-1st-lpg-bunker-supply-deal-in-the-middle-east/
BW LPG completes 15th dual-fuel VLGC retrofit
Singapore-based owner and operator of LPG vessels BW LPG has converted the main engine of its LPG carrier BW Malacca to dual-fuel running. The post BW LPG completes 15th dual-fuel VLGC retrofit…
https://www.offshore-energy.biz/bw-lpg-completes-15th-dual-fuel-vlgc-retrofit/
BW LPG Secure Financing For Retrofitting Of Six VLGCs With LPG Dual-Fuel Propulsion Engines
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...
BW LPG to retrofit six VLGCs with LPG propulsion
Singapore-based owner and operator of LPG vessels BW LPG has revealed that it plans to retrofit six of its very large gas carriers (VLGCs) to liquified petroleum gas (LPG) propulsion. The post BW…
https://www.offshore-energy.biz/bw-lpg-to-retrofit-six-vlgcs-with-lpg-propulsion/
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 RangeMikael 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 LPGBW LPG, the world’s largest owner and operator of very large liquified petroleum...
https://mfame.guru/worlds-first-lpg-powered-vessel-major-breakthrough/
BW LPG’s fourth retrofit set for sea trials
BW LPG, the world’s largest liquid petroleum gas shipping company, has made further steps forward in its LPG retrofit program. The post BW LPG’s fourth retrofit set for sea trials appeared…
https://www.offshore-energy.biz/bw-lpgs-fourth-retrofit-set-for-sea-trials/
BW LPG completes sea trials of third retrofitted gas carrier
BW LPG has completed conducting sea trials of the very large gas carrier (VLGC) BW Orion following a recent retrofit programme that replaced the ship’s ..
The ..