South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) continues winning new vessel orders. On 13 April, it unveiled another contract encompassing two liquefied petroleum gas…
https://www.offshore-energy.biz/ksoe-bags-order-for-two-more-lpg-carriers/
Petredec Holdings opts to construct an additional three 93,000 cu m LPG carriers with dual fuel LPG propulsion at China’s Jiangnan Shipyard, reports Splash 247.
Construction of LPG carriersLPG shipping and trading firm Petredec Holdings has exercised its option to construct an additional three 93,000 cu m LPG carriers with dual fuel LPG propulsion at China’s Jiangnan Shipyard.
Delivery of the three vessels are scheduled in June, August and September 2023.
Previous orders
The latest order follows...
https://mfame.guru/lpg-shipping-firm-orders-for-3-dual-fuel-lpg-carriers/
Korea Shipbuilding & Marine Engineering (KSOE), has won orders for three ships worth 152 billion won, reports BusinessKorea.
About the contractKSOE announced on Feb. 8 that it has recently signed a contract with Oceania-based shipping companies to build three ships.
This includes two 40,000-cubic-meter LPG carriers and one 40,000-ton petroleum carrier (PC).
In particular, the PC ship contract includes an option for one more ship of the same class.
Shipyard and deliveryThe LPG carriers and PC...
https://mfame.guru/ksoe-bags-orders-for-3-ships-worth-152b-won/
Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong focus on the industry’s pathway to zero carbon vessels, says an article of Splash247.
On the markets, the Danish analysts are especially bearish on next year’s prospects for tankers and LPG carriers, and remain concerned for the livelihoods of many of today’s struggling shipyards.
Facts in ReportKey data in the report include the facts that average secondhand prices...
https://mfame.guru/danish-ship-finances-shipping-market-review-2020/
Petredec Holdings (Eastern) PTE Ltd has announced the signing of a contract for the construction of 3+3 × 93,000 cbm LPG carriers at Jiangnan Shipyard in China, says a press release issued by MAN.
Each vessel will be powered by individual MAN B&W 6G60ME-LGIP dual-fuel engines, capable of running on LPG.
The forefront of new technologyPhilip Harwood, Petredec Fleet Director, added:
“Petredec has always been at the forefront of new technology and this order continues our tradition of investing in...
https://mfame.guru/pte-ltd-orders-three-new-lpg-carriers-for-construction/
ME-LGIP Engine Lands Further OrdersPetredec signs contract for three LPG-powered engines for newbuild VLGCs; option for three moreCopenhagen, 19.11.2020 − Petredec Holdings (Eastern) PTE Ltd has announced the signing of a contract for the construction of 3+3 × 93,000 cbm LPG carriers at Jiangnan Shipyard in China. Each vessel will be powered by individual MAN B&W 6G60ME-LGIP dual-fuel engines, capable of running on LPG.
Philip Harwood, Petredec Fleet Director, added: “Petredec has always been...
https://www.allaboutshipping.co.uk/2020/11/19/me-lgip-engine-lands-further-orders/
In a press release by MAN Energy Solutions, MAN PrimeServ, MAN Energy Solutions’ after-sales division, has announced the successful conversion of the main engine aboard the LPG carrier, ‘BW Gemini’, from a MAN B&W 6G60ME-C9.2 type to a MAN B&W 6G60ME- LGIP dual-fuel type capable of operating on fuel oil and LPG. The BW Gemini is part of the fleet of Oslo-listed BW LPG – the world’s leading owner and operator of LPG vessels.
The successful conversion – and the start of gas and sea trials – will...
https://mfame.guru/worlds-first-lpg-dual-fuel-engine-vessel-to-join-the-fleet/
WLPGA received the award for adding value to the maritime industry by addressing the benefits of using LPG as a marine fuel. The latest report by WLPGA offers guidance for LPG...
https://safety4sea.com/world-lpg-association-receives-green4sea-initiative-award/
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.
Following increased combined total ordering activity (bulker, tanker, container, gas) in the first half of 2018, the pace slowed down.
While the sentiment is positive and ship prices are seen moving upwards in the forecast,...
https://safety4sea.com/vesselsvalue-quarterly-forecast-for-cargo-ships/
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.
Specifically, Ichthys LNG Project is the first large-scale LNG project by global standards operated by INPEX CORPORATION.
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It is expected to produce approximately 8.9 million tons of LNG and...
https://safety4sea.com/first-lpg-cargo-from-ichthys-lng-project-arrives-in-japan/