BW Orion joins BW Gemini and BW Leo, to be the third VLGC to be retrofitted with pioneering LPG propulsion technology.
Jiangnan’s new digital VLGC design aims to improve ship performance safety, reduce energy consumption and simplify ship management.
Hanjin Heavy Industries has announced that it will construct 2 × VLGCs in their Philippines Facilities for EXMAR, the Belgian integrated gas shipping company.
As an innovative solution to address increasingly stringent emission restrictions in a more environment-friendly way, LPG as a fuel for the main engine will be installed on 2 VLGC new buildings.
Given the weak freight rate outlook for LPG shipping over the next twelve months, Drewry believes there is more downside risk to the second-hand values of VLGCs.
A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.