LPG

Navigator Gas Announces Successful First Ship-to-Ship Transfer of Ammonia

Retrieved on: 
Tuesday, April 9, 2024
Ammonia, Navigator Gas, Port, Risk management, CBM, NH3, LPG

LONDON, April 09, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that on April 3, 2024, it successfully performed its first ship-to-ship transfer of ammonia.

Key Points: 
  • LONDON, April 09, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that on April 3, 2024, it successfully performed its first ship-to-ship transfer of ammonia.
  • Following a long history of the safe and successful liquified gas ship-to-ship transfers, Navigator Gas reaches a significant milestone in completing its first ship-to-ship transfer of anhydrous ammonia (NH3).
  • In a carefully planned and closely monitored operation lasting eleven hours, on April 3, 2024 Navigator Gas’ vessel, the “NAVIGATOR JORF”, a 38,000 cbm liquefied petroleum gas (‘LPG’) gas carrier, safely received 25,300 metric tonnes of NH3 from LPG tanker “ECO ORACLE”, whilst moored alongside in the Port of Ngqura, South Africa.
  • By showing that a ship-to-ship transfer of NH3 can be completed safely, reliably and efficiently, Navigator Gas expects this successful process will lead to future opportunities to utilise NH3 as an alternative fuel source and to facilitate the transition towards zero-emissions shipping.

BNSF Railway Announces 2023 Economic Development Results

Retrieved on: 
Monday, April 1, 2024
Supply Chain Management, Rail, Retail, Transport, Logistics, Other Transport, Organization, Tax, BNSF Railway, Economic development, Cenovus Energy, ADM, Investment, LPG, BNSF, Petroleum

Investments from BNSF Railway customers totaled more than $4.1 billion in 2023, the freight rail provider reported this week.

Key Points: 
  • Investments from BNSF Railway customers totaled more than $4.1 billion in 2023, the freight rail provider reported this week.
  • Last year’s investments are the largest BNSF customers and local economic development organizations have made in new or expanded facilities in the past five years.
  • “We take pride in collaborating with our customers to create customizable rail development solutions that meet their unique needs and enhance and improve their supply chains,” said Chris Danos, assistant vice president, economic development.
  • “BNSF can also help create sustainable solutions while streamlining logistics costs.”
    In 2023, new developments supported various industrial and agricultural commodities in communities across the BNSF network.

REMINDER - Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

Retrieved on: 
Monday, February 26, 2024
ASC, Marketing, CPLP, Forum, FLNG, STNG, DHT, LPG, FLEX

It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.

Key Points: 
  • It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.
  • Discussions will include topics of critical relevance to the industry geopolitics, energy security, sanctions, access to capital, regulation, technology, innovation and more.
  • The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies.
  • This one-day conference is known for its rich informational content and the extensive marketing, networking and business development opportunities.

STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 21, 2024
Cerberus, Conference call, Depreciation, PIN, Share repurchase, Growth, Sale, CBM, Net income, Conference, GAAP, JV, Dry dock, Lucidity, MGC, Webcast, Interest, EPS, LPG, Cryptocurrency

Drydocking costs for the three months ended December 31, 2023 and 2022 were $0.03 million and $0.6 million, respectively.

Key Points: 
  • Drydocking costs for the three months ended December 31, 2023 and 2022 were $0.03 million and $0.6 million, respectively.
  • No vessels were drydocked during the fourth quarter of 2023 while drydocking expenses during the fourth quarter of 2022 mainly relate to the drydocking of two vessels.
  • Management fees for the three months ended December 31, 2023 and 2022 were $1.0 million and $1.3 million, respectively.
  • General and administrative expenses for the three months ended December 31, 2023 and 2022 were $1.7 million and $0.8 million, respectively.

Titan NRG (TTNN) Announces Record Profits for Third Quarter Fiscal 2023

Retrieved on: 
Tuesday, February 20, 2024
Interest, LPG, Fiscal, Weather

TUCSON, AZ, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Titan NRG, Inc. (OTCPK: TTNN) (the “Company”), a leader in integrated downstream energy and transportation holding company, today announced results for its third quarter fiscal 2023 ended December 31, 2023.

Key Points: 
  • TUCSON, AZ, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Titan NRG, Inc. (OTCPK: TTNN) (the “Company”), a leader in integrated downstream energy and transportation holding company, today announced results for its third quarter fiscal 2023 ended December 31, 2023.
  • While much of the country experienced unseasonably warm weather during the October-through-December period, Titan NRG showcased its resiliency, efficiency, and growth trajectory to generate a net profit in quarter 3 of Fiscal 2023.
  • Through its subsidiary NRG Rail, Titan is building a facility with an initial capacity of 18 rail cars and a permitted storage capacity of 1.2 million gallons.
  • Interested parties may view the complete Q3 fiscal 2023 filing at: https://www.otcmarkets.com/otcapi/company/financial-report/392411/content

Snapper Creek Energy Launches Physical LPG Brokerage Desk

Retrieved on: 
Thursday, February 22, 2024
Oil, Gas, Energy, Marketing, Entrepreneurship, LPG, Financial services

Snapper Creek Energy (“Snapper Creek”), an innovative data-driven commodity brokerage specializing in traditional, renewable, and transitional energy markets, today announced the launch of its Physical Liquefied Petroleum Gas (LPG) brokerage desk.

Key Points: 
  • Snapper Creek Energy (“Snapper Creek”), an innovative data-driven commodity brokerage specializing in traditional, renewable, and transitional energy markets, today announced the launch of its Physical Liquefied Petroleum Gas (LPG) brokerage desk.
  • In conjunction with the launch, Snapper Creek announced that, effective March 1st, 2024, Deacon Shorr will join the firm as President of the LPG desk alongside a seasoned team of professionals, including Jake Shorr, Vice President LPG, Scott Gray, LPG broker, and Nick Teasdale, LPG broker.
  • Based in California, Mr. Shorr, who served as President of Libra Fearnley Energy for the last eleven years, brings a wealth of experience in the physical LPG markets to Snapper Creek.
  • “We are excited to join Snapper Creek and spearhead the launch of the LPG desk at this pivotal moment in the firm’s evolution,” said Mr. Shorr.

Net Zero Strategies in the Airline Industry: Global Thematic Intelligence Report 2024 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024
Transportation, Environment, Alternative Energy, Energy, Travel, Environmental Health, Air, Transport, CAA, Airline, Marketing, Natural gas, International Civil Aviation Organization, Tourism, ESG, Fossil, Carbon, ICAO, Organization, LPG, GHG

The "Net Zero Strategies in the Airline Industry - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Net Zero Strategies in the Airline Industry - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.
  • This thematic report provides an overview of emissions across the airline sector, how these emissions can be reduced, and key strategies for the sector to achieve net zero targets.
  • Net zero means cutting greenhouse gas emissions (GHG) to as close to zero as possible, with any remaining emissions then "offset".
  • Understand the current ESG trends, especially in relation to emissions and net zero within the airline sector.

MHI Group Presents "Best Innovation 2023" Awards for Activities that Contribute to Protecting the Environment

Retrieved on: 
Wednesday, February 21, 2024
Hydrogen, Filtration, Energy, Toxicity, Tokyo Institute of Technology, LCC, Noto Peninsula, Tremor, CCUS, Engineering, Innovation Center station, LPG, PTFE, Polytetrafluoroethylene, Transport, Engineering Division, Mitsubishi Heavy Industries, Pressure, MHI, HBF, Dioxin, Kyoto University, Carbon, Chemical engineering, Incineration, Taisei Corporation, CO2, Knowledge, Primetals Technologies, Temperature, Logistics, Works, LNG, Government, GTCC, BOG, Renewable energy

Through this in-house program, the Company aims to raise environmental awareness and encourage further innovation among its groupwide employees.

Key Points: 
  • Through this in-house program, the Company aims to raise environmental awareness and encourage further innovation among its groupwide employees.
  • An anchorless construction method enables easy equipment installation and layout changes-, a feature that has brought accolades from multi-tenant warehouse owners.
  • By utilizing knowledge and expertise of MHI group, a "liquefied CO2 handling system" enabling transport of liquefied CO2 in large volumes is being developed.
  • In these ways, MHI Group has been making its initiatives toward realizing a carbon neutral society widely known.

STEALTHGAS INC. Announces the Date for the Release of the Fourth Quarter and Twelve Months 2023 Financial and Operating Results, Conference Call and Webcast

Retrieved on: 
Thursday, February 15, 2024
Conference call, LPG, PIN, Webcast, Conference

On February 21, 2024 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Key Points: 
  • On February 21, 2024 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.
  • Conference Call details: Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.
  • There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com).
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share

Retrieved on: 
Wednesday, January 24, 2024
Maritime, Energy, Transport, Oil, Gas, Form 10-Q, Form 10-K, Result, LPG, Analysis, Annual report, Nature, Conversation, Holding company

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock.

Key Points: 
  • Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock.
  • The dividend is payable on or about February 27, 2024 to all shareholders of record as of the close of business on February 5, 2024.
  • The cash dividend referenced in this release is an irregular dividend.
  • The Company does not assume any obligation to update the information contained in this press release.