Anglo-Eastern, Exmar offer LNG management

Anglo-Eastern Univan Group and Exmar Ship Management have joined forces to offer their services to LNG shipping. The two companies have formed joint venture AEX LNG Management focused on LNG carrier newbuilding supervision and vessel management for third-party owners. Based in Singapore, the new company Source:

September 16, 2019

Petredec signs up with Jiangnan for ethylene quartet

Gas shipowner and trader Petredec has ordered up to four handysize ethylene carriers worth just under $200m at Jiangnan Shipyard in China. Petredec Holdings (Eastern) said it signed a contract for two 22,000-cbm ships, with an options to add another pair of vessels. No price details were given on the newbuildings which are estimated to be priced at slightly under $50m each. The first two vessels are to be delivered…

September 5, 2019

Latsis spawns offshoot as home for LNG activities

Paris Kassidokostas-Latsis and his mother, Marianna Latsis, with, from left, Christos Triantafillidis of Latsco Shipping, George Margaronis of Latsco London and Kostas Vlachos of Consolidated Marine Management, the shipmanagement arm of the Latsis business Photo: Latsis family Source:

September 3, 2019

BW takes two large LPG carriers from Unique Shipping

BW LPG has concluded time-charter deals with Unique Shipping extending its charters for two VLGCs. European gas brokers said the Oslo-listed shipowner chartered Unique’s 82,000-cbm Berge Nantong (built 2006) for 12 more months and the Berge Ningbo (built 2006) for another Source:

August 30, 2019

Agility Gas meeting yards over ‘game-changing’ jumbo ethane carrier

US company Agility Gas Technologies (AGT) is to meet shipyard representatives as it moves forward with its new “Jumbo” very large ethane carrier (VLEC) project. CEO Charles Matar told TradeWinds he will begin talks in the US next month at Gastech. He will also meet class society ABS over the “game-changing” ethylene carrier. “The US ethylene shipping segment of the industry will soon explode especially when Enterprise and Navigator start…

August 28, 2019

LNG market braces for fallout from Qatari LNG ship play

Qatar’s huge LNG shipping requirement is already unsettling a largely upbeat sector after the Middle East Gulf state unveiled the extent of its ambitions in the first quarter of this year. Those following the business said there are rumours spinning Source:

August 15, 2019

Promise of profit and ‘fantasy’ earnings sparks shares in Oslo VLGC giants

Promise of a return to profit in the second quarter as a taster of “fantasy” earnings later this year shifted shares in two of the world’s largest VLGC owners into a forward gear today. Andreas Sohmen-Pao chaired BW LPG and John Fredriksen-backed Avance Gas both gained ground on the Oslo Stock Exchange amid a positive outlook from analysts at Pareto Securities. Eirik Haavaldsen and Wilhelm Flinder of Pareto said both…

August 14, 2019

Andersen takes over at Avance Gas

Ulrik Andersen has taken the reins at Avance Gas — along with the option to buy 750,000 shares. The John Fredriksen-backed, Oslo-traded gas carrier owner disclosed Monday that Andersen had been issued the options, which vest annually over the next three years and come Source:

August 12, 2019