SEACOR Holdings Inc. announced that it has executed an agreement with Hyundai Heavy Industries (HHI), through a subsidiary of SEACOR Ocean Transport Inc., for the construction of two Liquefied Petroleum Gas tankers (VLGCs) with expected deliveries in 2014 with an option to purchase up to three additional VLGCs with delivery in 2015. These vessels will [...]
Royal Vopak has decided to expand its terminal in the port of Vlissingen (the Netherlands) with 36.800 cbm. There is a growing interest and market commitment for additional pressurized storage capacity at Vopak Terminal Vlissingen. With this expansion the terminal can continue to be the leading LPG and chemical gases hub of Northwest Europe. Growing [...]
Avedia Energy, a relative newcomer to the South African liquefied petroleum gas (LPG) industry, announced its commitment as a key player in securing sustainable, long – term LPG supply in an effort to address the erratic production and supply of LPG to the local market. Present in the local market since 2007, Cape Town-based Avedia [...]
On 14 March, 2013, a keel laying ceremony took place at the Hyundai Mipo Dockyard Co.Ltd. yard in South Korea for the first gas carrier ordered by Sovcomflot Group for operations under an agreement with petrochemical holding SIBUR. In March, 2012, Russia’s leading shipping company Sovcomflot and petrochemical giant SIBUR signed a long-term agreement on [...]
March 22, 2013 | Posted in
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In response to increased customer demand for compressed natural gas (CNG) and liquid propane gas (LPG) ready vehicles, Ford has expanded its portfolio of product offerings in this growing alternative-fuel market segment. “Since 2009, we’ve seen the number of Built Ford Tough commercial vehicles sold with factory-prepped engines for CNG/LPG upfit increase by more than [...]
Enterprise Products Partners L.P. announced that it has commenced operations at its expanded export facility, increasing the partnership’s capability to load propane, butane and isobutane (LPG). Located on the Houston Ship Channel, the marine terminal complex is owned by Oiltanking Partners, L.P. Enterprise also announced that the partnership and Oiltanking have significantly expanded the scope [...]
ITOCHU Corporation said that it has entered into Joint Development Agreement with Coastal Caverns, a wholly-owned subsidiary of Vitol Inc., the North American subsidiary of the Vitol Group, for the joint development of LPG Export Project in the Gulf Coast region of the United States. This project will include storage capacity for Propane and Butane [...]
Rising demand has prompted owners to order more and larger LPG vessels, according to the latest LPG Forecaster from Drewry Maritime Research. The increased demand has been further improved by a growing consumption base in emerging economies, with supply bolstered by an expected emergence of new export sources, notably the US and the Russia. LPG [...]
Tokyo Gas concluded a Confirmation note of Agreement with Astomos Energy Corporation, stipulating the basic terms regarding the purchase of US LPG. Based on this agreement, Tokyo Gas will receive total amount of approximately 400,000 tons of US LPG for 6 years from 2013. This is the first time for Tokyo Gas to purchase LPG [...]
EXMAR NV said that together with TEEKAY LNG PARTNERS they have successfully closed their 50/50 LPG joint-venture. The EXMAR LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC), out of which 4 are currently under construction at Hyundai Mipo, and one owned Very Large Gas Carrier (VLGC). EXMAR LPG BVBA also time-charters in three [...]
