Eletson, Evergas form shipping alliance

Shipping companies, Greek Eletson Gas and Danish Evergas formed an alliance to trade the companies’ semi-refrigerated/ethylene capable vessels.

The new venture, to be called the E3 Pool, will commence trading on the 30th of January from the Eletson offices in Piraeus and London and the Evergas offices in Copenhagen and Singapore.

The new commercial venture will control a fleet of 15 gas carriers that are currently trading. The fleet will be expanded by a further four vessels to be delivered to Eletson over the next twelve months and will create a single point of contact for cargo owners.

A larger fleet will provide more flexibility and more options for Charterers, reduce voyage related expenses through optimization of voyages and thereby reduce greenhouse gas emissions as a direct consequence of using less fuel for cargo movements, the two companies said in a joint statement.

Eletson Gas, majority owned by Eletson Holdings in a joint venture with the Blackstone Group is an LPG shipping company with five multi-gas carriers, two handymax and five handysize ethylene-capable vessels. The company also has four handysize vessel on order and scheduled for delivery in 2017.

Evergas, owned by Greenship Gas & Jaccar Holdings owns a fleet of six 5.000-cbm pressurized vessels, nine 12.000-cbm semi-ref/ethylene vessels and eight 27,500 cbm multigas LNG carrier, with a combined capacity of 358,000 cbm.