BW LPG confirmed today that they have negotiated a plan with Hyundai Heavy Industries to move the construction timeline 10 months to the left on their pair of two Very Large Gas Carrier (VLGC) newbuilds. Two two vessels will now be delivered in August and October 2015, respectively. In connection with the advancement, BW LPG notes that they have secured two additional newbuild options, for delivery in May and August 2016 These options are declarable by 28 February 2014.
Should these options be exercised, BW LPGs newbuilding program will consist of a total of 8 ships under construction.
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A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
China said on Monday it had provided information and documents for an open investigation into the severing of two Baltic Sea undersea cables, though it and Sweden disagreed over how transparent Beijing had been in the case.
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