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Scorpio Enters the Gas Transportation Market with $370 Million Newbuild Order
Scorpio Tankers Inc. (NYSE: STNG) has announced a big investment into the liquefied petroleum gas (LPG) transportation sector. The product tanker owner has just signed newbuild contracts for at least...
View ArticleEXMAR LPG Joint Venture Adds Two Midsize Gas Carriers
Belgian gas shipping company EXMAR NV said Wednesday that its joint venture with Teekay LNG, EXMAR LPG, has exercised an option for two additional midsize gas carriers to be built at Hanjin Heavy...
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Frontline 2012 to Join Avance Gas Holding in LPG Shipping Consolidation
LPG carrier file photo, image (c) Shutterstock/E.G.Pors Frontline 2012 signed a heads of agreement (HOA) today with Stolt-Nielsen Limited (Oslo Børs: SNI) whereby Frontline 2012 will become a...
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Traders Cash In On U.S. Propane Boom [REPORT]
image (c) Shutterstock/koosen By John Kemp LONDON, Aug 23 (Reuters) – The United States has emerged as a big net exporter of propane and other liquefied petroleum gases (LPGs), thanks to the shale...
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Expanded Canal Could Mark the Beginning of the End for the Booming LPG Sector
The 82k cbm Manifesto, one of 11 fully-refrigerated VLGCs owned by Petredec. Built by HHI in 2013. Image: Petredec Sept. 30 (Bloomberg) — The widened Panama Canal will cut costs to ship U.S. cooking...
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Odfjell Places Order for New LPG Carriers
The OSM-managed LPG tanker Bow Gallant is one of two LPG tankers owned by Odfjell, image: OSM Nantong Sinopacific Offshore & Engineering Co. has been awarded a USD $180 million contract from...
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Japanese Yards Win LPG Carrier Newbuild Orders from Petredec
The 82k cbm Manifesto, one of 11 fully-refrigerated VLGCs owned by Petredec. Built by HHI in 2013. Petredec, the Singapore-based LPG shipping firm has announced plans to expand their fleet of over 50...
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Scorpio Trades VLGC Newbuilds for Dorian LPG Stake
Dorian LPG Ltd., a pure-play LPG shipping company based in Stamford, Connecticut has entered into an agreement with Scorpio Tankers (NYSE: STNG) to acquire all eleven of Scorpio’s Very Large Gas...
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NGL Traders Are Making Serious Bank Off U.S. Oil Boom
Sir Ivor, a Stealth Gas-owned 5,000 cbm LPG carrier. Image: Stealth Gas Jan. 24 (Bloomberg) — Add another profession to the beneficiaries of the U.S. oil boom: traders of long-neglected drilling...
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Exmar LPG Wins Long-Term LPG Charters, Regas Unit Ordered
MT Libramont, via marinetraffic.com Exmar LPG, the shipowning joint venture between Teekay LNG and Exmar NV, announced today the winning of long term charters for four of their midsize LPG carriers....
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Hyundai Mipo Gains LPG Carrier Newbuild Order
Sir Ivor, a Stealth Gas-owned 5,000 cbm LPG carrier. Image: Stealth Gas South Korea’s Hyundai Mipo Dockyard (HMD) announced today the winning of a newbuild order for a pair of LPG carriers. The order...
View ArticleU.S. Shale to Drive LPG Ship Market, Latsco Shipping Says
By Paul Tugwell July 1 (Bloomberg) — Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane,...
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Vafias Optimistic that “Good Times are Ahead”
Gas Defiance, image: StealthGas StealthGas announced today four new additions to their newbuilding program consisting of two Korean-built 22,000 cbm semi-refrigerated LPG carriers and two...
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StealthGas Exercises Options for More Refrigerated LPG Carriers
Sir Ivor, a Stealth Gas-owned 5,000 cbm LPG carrier. Image: Stealth Gas LPG shipper StealthGas INC. (Nasdaq:GASS) announced today it has exercised newbuild options for two 22,000 cubic meter...
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BW LPG Joins Battle for Rival Aurora LPG
OSLO, Dec 9 (Reuters) – BW LPG, the world’s biggest liquid petroleum gas (LPG) shipper, has bought 12.1 percent of smaller rival Aurora LPG, potentially disrupting a hostile bid from Avance Gas...
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Fully Laden VLGCs Gather Off Singapore
By Seng Li Peng Tankers full of liquefied petroleum gas (LPG) are gathering off Singapore waiting for buyers as a flood of supply from the U.S. and Saudi Arabia has outpaced demand for the fuel, trade...
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U.K. MAIB Investigating Collision Between Containership and LPG Tanker Off...
The U.K. Marine Accident Investigation Branch has launched an investigation into a collision between the UK registered container ship ANL Wyong and an Italian registered LPG tanker off the coast of...
View ArticleWorld’s First LPG-Fueled Very Large Gas Carrier Completes Sea Trials
The world’s first liquefied petroleum gas-powered Very Large Gas Carrier (VLGC) has successful complete sea trials and is readying for its return to service. The ‘BW Gemini’, built in 2015,...
View ArticleNGL Traders Are Making Serious Bank Off U.S. Oil Boom
"Traders can make about $5 million profit on each U.S. propane cargo shipped overseas" - Philipps 66
View ArticleExmar LPG Wins Long-Term LPG Charters, Regas Unit Ordered
Exmar LPG, the shipowning joint venture between Teekay LNG and Exmar NV, announced today the winning of long term charters for four of their midsize LPG carriers.
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