Search results for: very large gas carriers

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  • 6 January 2017
    Business & Finance

    Singapore’s gas carrier owner BW LPG Limited has taken delivery of the final two of four very large gas carriers (VLGCs) in its newbuilding program from South Korean Daewoo Shipbuilding and Marine Engineering (DSME). The two vessels, BW Mindoro and BW Messina, feature 84,000 cbm and each have a market value of around USD 66.9 million. […]

  • 5 January 2017
    Business & Finance

    Greek owner of drybulk carriers DryShips Inc. has agreed to enter into a “zero cost” option agreement to purchase up to four high specifications very large gas carriers (VLGCs) capable of carrying liquefied petroleum gas (LPG). Each of the four VLGCs, which are currently under construction at South Korean shipyard Hyundai Heavy Industries (HHI), are going […]

  • 9 January 2017
    Business & Finance

    Greek owner of drybulk carriers DryShips Inc. has exercised its first option to acquire one very large gas carrier (VLGC) currently under construction at South Korean shipyard Hyundai Heavy Industries (HHI) for a purchase price of USD 83.5 million. The VLGC, scheduled to join the company’s fleet in June 2017, will be employed on a fixed […]

  • 24 November 2016
    Business & Finance

    High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry. VLGC rates remain under pressure on account of ample vessel supply and weak arbitrage opportunities caused by low LPG fuel prices. With 64 additional […]

  • 28 October 2016
    Business & Finance

    US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG has plunged into a net loss of USD 7.1 million during the second quarter of the fiscal year 2017 from a net income of USD 41.2 million seen in the same period a year earlier. The company’s revenue stood at USD 33.6 million for the […]

  • 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 […]

  • 28 June 2017
    Business & Finance

    Greece-based owner of dry bulk carriers DryShips has taken delivery of the previously acquired very large gas carrier (VLGC) newbuilding.  The ship, built at South Korean shipyard Hyundai Heavy Industries (HHI) will be employed under a time charter on a fixed rate with five years firm duration to an unnamed oil major, the company said. As […]

  • 26 May 2015

    Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, resulting in a 23% fleet growth in terms of capacity, shipping brokerage Banchero Costa Research said in a report. 23 vessels of all sizes were delivered in the first four months of 2015, including seven VLGCs, or vessels of […]

  • 31 July 2017
    Business & Finance

    US-based owner and operator of VLGCs Dorian LPG finished the first quarter of the fiscal year 2018, ended June 30, with a net loss of USD 6.7 million compared to a net loss of USD 1.3 million seen in the same quarter in 2016. Revenues for the period stood at USD 41 million dropping by 18.8% […]

  • 30 January 2017
    Business & Finance

    US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG ended the third quarter of fiscal year 2017 with a net income of USD 5 million, much lower from the net income of USD 54.7 million reported in the third quarter a year earlier. Revenues dropped to USD 35.7 million in the quarter […]

  • 11 May 2016
    Business & Finance

    Singapore-based owner and operator of very large gas carriers BW LPG Limited has further expanded its fleet with the eighth and final Very Large Gas Carrier (VLGC) BW Volans built by the South Korean shipbuilder Hyundai Heavy Industries. The vessel joined its owner today and wrapped up BW LPG’s newbuilding programme of eight VLGCs ordered from the shipbuilder. BW Aries, BW LPG’s first vessel from the […]

  • 27 May 2016
    Business & Finance

    Japanese shipping company NYK Line has ordered two Very Large Gas Carriers (VLGCs) for transportation of liquefied petroleum gas from its compatriot Japan Marine United Corporation (JMU). The two 84,000 cbm newbuilds are slated for delivery in January, 2019 and are priced at USD 75 million each, according to the data provided by VesselsValue. NYK […]

  • 26 November 2015
    Business & Finance

    Liquefied petroleum gas shipping company Dorian LPG has taken delivery of ECO very large gas carrier (VLGC) Copernicus from Daewoo Shipbuilding and Marine Engineering. With the capacity of 84,000 cbm, the Copernicus is Dorian LPG’s seventeenth newbuilding delivery. According to the company, the vessel will trade in the Helios LPG Pool. So far in November, the company took delivery […]

  • 13 October 2011

    South Korea’s Hyundai Heavy Industries (HHI) has received a contract from Indonesian oil company Pertamina to build a 84,000cbm very large… (portnews) [mappress] Source: portnews, October 13, 2011;

  • 3 April 2017
    Business & Finance

    NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 million. These vessels are comprised of one Aframax tanker built in 2012, three Kamsarmax drybulk vessels, one currently under construction and two built in 2014, and two very large gas carriers (VLGCs), currently under construction at […]

  • 4 July 2012
    Business & Finance

    The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,700 dwt (75,000 cbm). The 1990 built vessel is expected to join the Company’s fleet during Q2FY2013. The Company’s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product […]

  • 31 August 2015
    Business & Finance

    Singapore-based owner and operator of gas carriers BW LPG Limited has taken delivery of BW Libra, the fifth Very Large Gas Carrier (VLGC) in its newbuilding programme of eight VLGCs, from South Korea’s Hyundai Heavy Industries (HHI).  Following the delivery, the vessel will immediately join BW LPG’s commercial programme. Commenting on the delivery, BW LPG […]

  • 25 July 2019
    Business & Finance

    The shipping JV will cover the operation of two very large gas carriers.

  • 31 August 2015
    Business & Finance

    Singapore-based owner and operator of gas carriers BW LPG Limited has taken delivery of BW Libra, the fifth Very Large Gas Carrier (VLGC) in its newbuilding programme of eight VLGCs, from South Korea’s Hyundai Heavy Industries (HHI).  Following the delivery, the vessel will immediately join BW LPG’s commercial programme. Commenting on the delivery, BW LPG […]

  • 11 May 2015

    BW LPG said that it has taken delivery of the very large gas carrier Berge Summit.

  • 3 September 2015
    Business & Finance

    Dorian LPG, a U.S.-based liquefied petroleum gas shipping company, has taken delivery of the very large gas carrier (VLGC) Commodore from Hyundai Samho Heavy Industries and the VLGC Cresques from Daewoo Shipbuilding and Marine Engineering (DSME). The two 84,000 cbm Eco VLGCs will be Dorian LPG’s ninth and tenth newbuilding deliveries and the first of three to be delivered […]

  • 19 April 2019
    Business & Finance

    Hyundai LNG Shipping (HLS) orders very large gas carrier (VLGC) at Hyundai Heavy Industries.