Search results for: Petrodec

29 results

A list of search results

  • 18 June 2020
    Business developments & projects, Project & Tenders

    Decommissioning services specialist Petrodec has completed skidding operations for the topside removal of Perenco’s Pickerill A unmanned platform, located offshore the UK.

  • 20 June 2017
    Business & Finance

    Singapore-based Petredec Holdings (Eastern) has decided to further expand its fleet with up to four very large gas carriers (VLGCs) to be constructed by China’s Jiangnan Shipyard. Under the contract signed between the parties, Petredec has placed orders for two 84,000 cbm LPG carriers with the option to build further two units. Petredec said that the […]

  • 15 September 2015
    Business & Finance

    Singapore-headquartered liquefied petroleum gas (LPG) trader Petredec has returned to South Korea’s Hyundai Heavy Industries (HHI) for two Panamax Very Large Gas Carriers (VLGCs), with an option for two more.  The value of the contract has not been disclosed. The 78,700 cbm VLGCs are scheduled for delivery in the second and third quarter of 2017, and […]

  • 5 September 2019
    Business & Finance

    The company placed two firm orders and two options for Handysize ethylene carriers.

  • 4 October 2017
    Business & Finance

    LPG specialist Petredec has reportedly exercised the option for the construction of two additional very large gas carriers (VLGCs) at China’s Jiangnan Shipyard. The order for two 84,000 cbm LPG carriers was signed only months after the company agreed the contract for the initial two units with the shipbuilder, according to data provided by VesselsValue. World Maritime News […]

  • 15 September 2015
    Business & Finance

    Singapore-headquartered liquefied petroleum gas (LPG) trader Petredec has returned to South Korea’s Hyundai Heavy Industries (HHI) for two Panamax Very Large Gas Carriers (VLGCs), with an option for two more.  The value of the contract has not been disclosed. The 78,700 cbm VLGCs are scheduled for delivery in the second and third quarter of 2017, and […]

  • 7 October 2013

    After recently ordering two+two VLGCs at Hyundai Heavy, Singapore-headquartered Petredec has placed another order for new vessels. This time, the company contracted two Japanese yards to build four 11,000 cum LPG carriers. Two vessels will be built by Sasaki Shipbuilding, while the other two are to be constructed by Kyokuyo Shipyard. The newbuilds, that will be fitted with […]

  • 7 October 2013

    After recently ordering two+two VLGCs at Hyundai Heavy, Singapore-headquartered Petredec has placed another order for new vessels. This time, the company contracted two Japanese yards to build four 11,000 cum LPG carriers. Two vessels will be built by Sasaki Shipbuilding, while the other two are to be constructed by Kyokuyo Shipyard. The newbuilds, that will be fitted with […]

  • 15 September 2015

    Petredec revealed that it has further expanded its fleet with the addition of two Panamax VLGC’s.

  • 17 November 2017
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) is looking to sell a part of its 30.3% stake in Bermuda-based liquefied petroleum gas transporting and trading firm Petredec Limited. As part of the deal, Haydock Holdings Limited, the other partner in Petredec, will also sell part of its 69.7% stake in the firm, bringing the […]

  • 24 March 2011
    Business & Finance

    Afren today announces that it has acquired a 74 per cent. operated working interest in the Tanga Block, located offshore Tanzania, from Petrodel who will retain a 26 per cent. interest in the block. In consideration for the acquisition of the interest, Afren has agreed to reimburse Petrodel a percentage of the back costs in […]

  • 8 July 2013
    Business & Finance, Equipment, Project & Tenders

    Just three years after gaining a foothold in the Brazilian oil and gas market, a Tyneside based firm is buying out its South American partner to take full control of the growing business. Express Engineering, which is this year celebrating 40 years in business, established a £2 million 50:50 joint venture with Brastec in Sao […]

  • 26 June 2015
    Business & Finance

    Liquefied petroleum gas trading and transport company Petredec Limited has inked a financing deal with German lender KfW IPEX-Bank worth USD 186.3 million. The loan is intended to finance construction of the company’s four new handy size gas carriers. Components sourced from Germany account for EUR 50.4 million of total financing and will be disbursed […]

  • 6 December 2019

    Petredec books the construction of two additional 22,000 cbm ethylene carriers at Jiangnan Shipyard.

  • 7 April 2005

    MC Shipping Inc., today announced that they have taken delivery within the past 48 hours of their three recent acquisitions. The vessels “Berge Flanders” and “Berge Kobe” were delivered from Bergesen and immediately entered into a 5-year time charter to the sellers. The former Shell International Trading And Shipping Co. (STASCO)-controlled m/t “Isomeria” (now renamed […]

  • 15 February 2012

    Fugro Geos has announced a contract award which provides Qatar Shell with support for a seabed water temperature monitoring system. The 5-year contract will ensure round-the-clock support and maintenance of the metocean monitoring system, which is part of the Pearl GTL (gas-to-liquids) project in Ras Laffan, Qatar. Pearl GTL is jointly developed by Qatar Petroleum […]

  • 17 July 2019
    Business & Finance

    Another two ships are due to join the fleet in July and August.

  • 9 January 2019

    Clarksons: Jiangnan Shipyard has received an order from Tianjin Southwest for an 86,000 cbm gas carrier.

  • 7 April 2020
    Human Capital

    The Board of Golden Ocean Group Limited has appointed Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS. The appointment comes into effect from April 14, 2020, the Norwegian dry shipping company said. Andersen was the Chief Executive Officer of Avance Gas AS and worked as the Head of Shipping […]

  • 18 October 2016
    Business & Finance

    National Shipping Company of Saudi Arabia (Bahri) has reported a 37 percent drop in its net profit for the third quarter of 2016 to SAR 318.3 million (USD 84.8 million) from SAR 510.3 million seen in the same quarter a year earlier. The decrease in net income is mainly attributed to an overall decrease in Spot markets […]

  • 14 July 2015
    Business & Finance

    National Shipping Company of Saudi Arabia (Bahri) has more than doubled its second-quarter results recording SAR 342.48 (USD 91.2 million) in net profit, the company said in its business report for the first six months of the year ending with June 30. This is a considerable increase compared to SAR 130.4 million from the corresponding period […]

  • 23 October 2015
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise to SAR 510.3 million (USD 136 million) in the third quarter of 2015 from SAR 84.8 million reported in the same period last year. The company’s gross profit reached SAR 611.2 million, a major increase when compared to the corresponding period from […]