Dry bulk asset values have surged over the past two years following a period of soft returns which encouraged scrapping while ton mile demand continued to climb
Among the different size categories of LPG ships, the small vessel segment is expected to be the best performer in 2018 while Handysize vessels will be the worst, according to Drewry.
The port side rudder of an LPG carrier makes contact with the bottom during the pivoting manoeuvre, causing the rudder stock to turn within the steering gear actuator by almost 25 degrees from its midship position.
LPGreen, a joint development project between four leaders in the maritime industry, has been working on a concept design for an LPG carrier capable of operating on LPG fuel.
The ABS-classed Navigator Jorf was recently delivered to Navigator Gas by Hyundai Mipo Dockyard of South Korea
At the Gastech 2017 conference in Tokyo, DNV GL presented HMD with an AIP certificate for a new double side hull LPG carrier design – LPG SAFE.
Epic Gas Ltd. announced that the 11,000cbm LPGC Epic Sardinia, was delivered on 25 January 2017 under a long-term bareboat charter with purchase options.
It is with great honor and pride that Teekay attended the naming ceremony of NH3 carrier M/V Kaprijke at HHIC-Phil, Subic Shipyard, Philippines. The vessel, which will enter the TGP-Exmar Joint Venture fleet, is part of a large ship building initiative in the Philippines.
Owned and operated by the Norwegian conglomerate Antony Veder, the Coral Methane is a ship that has changed the perception about Liquefied Natural Gas (LNG) carrying vessels worldwide. Built in the Remontowa shipbuilding yard in Poland, the vessel can, in addition to LNG, carry LPG and even LEG (Liquefied Ethylene Gas). Coral Methane is the first multipurpose LNG carrier in the world.