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 … [Read more...]
Astomos Energy Orders New Gas Carriers from Japanese Yards
Japanese shipbuilders Mitsubishi Heavy Industries (MHI) and Kawasaki Heavy Industries (KHI) have received newbuild orders today from Astomos Energy Corporation to build a pair of very large liquefied petroleum gas (LPG) carriers. According to a statement by Astomos, the newbuilds will be delivered in 2015 and 2016 from MHI and KHI, respectively. The increased production … [Read more...]
Frontline 2012 Finalizes Deal to Sell 8 Gas Carriers
Following up on their stated intentions this past August, Frontline 2012 Ltd. has finalized a sale agreement today with Avance Gas Holding Ltd. (AGHL) of eight, 83,000 cbm Very Large Gas Carriers (VLGCs) which are currently under construction at Jiangnan Changxing Shipyard in China. The vessels will be acquired by AGHL immediately upon their respective deliveries to … [Read more...]