Fully Laden VLGCs Gather Off Singapore

By Seng Li Peng Tankers full of liquefied petroleum gas (LPG) are gathering off Singapore waiting for buyers as a flood of supply from the U.S. and Saudi Arabia has outpaced demand for the fuel, trade and industry sources said on Thursday. The number of ships congregating near Singapore, a key ship-fueling and oil product trading area for Asia, has surged to over 10 from … [Read more...]

BW LPG Joins Battle for Rival Aurora LPG

OSLO, Dec 9 (Reuters) - BW LPG, the world's biggest liquid petroleum gas (LPG) shipper, has bought 12.1 percent of smaller rival Aurora LPG, potentially disrupting a hostile bid from Avance Gas Holding. Owners of Very Large Gas Carriers (VLGCs) are reporting bumper profits as the global demand for liquefied petroleum gas, commonly used as a fuel for cooking, heating and in … [Read more...]

StealthGas Exercises Options for More Refrigerated LPG Carriers

LPG shipper StealthGas INC. (Nasdaq:GASS) announced today it has exercised newbuild options for two 22,000 cubic meter semi-refrigerated LPG carriers from an undisclosed South Korean shipyard. The deliveries are planned for Q2 and Q3 2017, respectively and these orders follow a similar order in mid-July.  StealthGas now has 19 new LPG carriers on order at a total prices of … [Read more...]

Vafias Optimistic that “Good Times are Ahead”

StealthGas announced today four new additions to their newbuilding program consisting of two Korean-built 22,000 cbm semi-refrigerated LPG carriers and two Japanese-built pressurized LPG carriers of 7,500 cbm and 7,200 cbm capacities, respectively. With the additions came two deletions however, in the form of a pair of 5,000 cbm ships being constructed in Korea. The ships … [Read more...]