VLGC

PIS with BGN Adds Two Giant Gas Tankers, Supporting Energy Resilience and Global Market Expansion for Indonesia

Retrieved on: 
Thursday, January 11, 2024

Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.

Key Points: 
  • Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.
  • "The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience.
  • We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN's global energy and commodities trading platform with these maritime assets."
  • The vessels' sustainability advantages that contribute to the global energy transition include having dual-fuel tanks, enabling the optimization of low sulfur fuel and gas.

Pertamina International Shipping (PIS) Partners Energy Trader BGN, Expanding Global Fleet of LPG Carriers

Retrieved on: 
Wednesday, October 4, 2023

ABU DHABI, UAE, Oct 4, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has once again engaged international partners to expand its presence in the global market and explore additional business opportunities in support of energy supply and security.

Key Points: 
  • ABU DHABI, UAE, Oct 4, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has once again engaged international partners to expand its presence in the global market and explore additional business opportunities in support of energy supply and security.
  • The signing took place at ADIPEC (Abu Dhabi International Petroleum Exhibition and Conference) 2023, the worlds largest energy exhibition and conference.
  • With a current fleet of 97 vessels, the deal strengthens PIS's position as a key player in the maritime industry.
  • BGN, present in 23 countries including offices in Dubai, Geneva, Houston, Rotterdam and Singapore, is a significant LPG trader and a supplier to Indonesia.

Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel

Retrieved on: 
Tuesday, October 3, 2023

The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.

Key Points: 
  • The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.
  • The project partners will bring complementary expertise to the production, operation, storage and export for the advancement of low-carbon ammonia production in the US:
    Air Liquide and INPEX would collaborate on low-carbon hydrogen production.
  • Air Liquide would be responsible for onsite nitrogen and oxygen production, using its proprietary Air Separation Unit (ASU) technology.
  • INPEX, with stakes in both hydrogen and ammonia production, will likely be the largest investor in the overall project across the entire value chain, from production to export.

Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

Retrieved on: 
Monday, July 31, 2023

DUBAI, July 31, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success by simultaneously signing four business cooperation agreements with global players.

Key Points: 
  • DUBAI, July 31, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success by simultaneously signing four business cooperation agreements with global players.
  • PIS Pte Ltd (DMCC Branch) - PIS Middle East has signed business cooperation agreements with global players, namely with Gas Walio, Gas Widuri, Gas Arjuna and Gas Ambalat, for 4 vessels owned by PIS.
  • The contracts also provided for new international routes and countries for the PIS fleet, including Chile (South America), Puerto Rico (USA), Dominican Republic (Caribbean), Tanzania, Poland, and Portugal.
  • "Pertamina has, through PIS ME, entered Tankers International Pool, and a TC Syndication scheme with Scorpio for a Neptune VLGC vessel in the pool.

BGN and Al Seer Marine Joint Venture Expands LPG Fleet

Retrieved on: 
Friday, March 3, 2023

DUBAI, UAE, March 3, 2023 /PRNewswire/ -- Global energy powerhouse BGN and Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), are working together to supply the growing global demand for cleaner fuel-burning sources. Through their AED 625 million (USD 170 million) joint venture, ABGC DMCC, the two companies collaborate on purchasing vessels used for transporting liquefied petroleum gas (LPG) around the globe.

Key Points: 
  • DUBAI, UAE, March 3, 2023 /PRNewswire/ -- Global energy powerhouse BGN and Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), are working together to supply the growing global demand for cleaner fuel-burning sources.
  • Through their AED 625 million (USD 170 million) joint venture, ABGC DMCC, the two companies collaborate on purchasing vessels used for transporting liquefied petroleum gas (LPG) around the globe.
  • "We believe LPG will be a key component of the global energy transition for years to come, and we are excited to work with Al Seer Marine on continuing the disciplined capital investment in our LPG fleet," said Emin Imanov, CEO of BGN.
  • Strategically increasing ABGC DMCC's fleet is a prudent way to accelerate lowering the carbon footprint in the energy industry.

Vision Energy Concludes Jetty Simulation Study

Retrieved on: 
Monday, February 6, 2023

JERSEY CITY, N.J., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCPINK:VENG) (“Vision Energy” or the “Company”) is pleased to announce it has concluded a detailed marine simulation study for the proposed design and future operations of jetty and quay wall infrastructure that will serve its Green Energy Hub in North Sea Port of Vlissingen, the Netherlands.

Key Points: 
  • JERSEY CITY, N.J., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCPINK:VENG) (“Vision Energy” or the “Company”) is pleased to announce it has concluded a detailed marine simulation study for the proposed design and future operations of jetty and quay wall infrastructure that will serve its Green Energy Hub in North Sea Port of Vlissingen, the Netherlands.
  • The Company’s wholly owned subsidiary, Evolution Terminals BV, engaged Maritime Research Institute Netherlands (“MARIN”) to carry out the study, in cooperation with North Sea Port authority.
  • MARIN is an internationally operating and recognised leading independent institution for maritime research with over 400 specialists, with headquarters in Wageningen, the Netherlands.
  • The conclusion of the simulation study is positive and determined that the arrival and departure maneuvers to and from the Company’s proposed new jetty can be conducted in a safe manner under the tested weather conditions and current operating circumstances.

Dorian LPG – Positioned for Market Growth & Green Shipping Challenges

Retrieved on: 
Thursday, January 19, 2023

Capital Link hosted a presentation by the senior management of Dorian LPG (NYSE: LPG) on Thursday, January 12, 2023.

Key Points: 
  • Capital Link hosted a presentation by the senior management of Dorian LPG (NYSE: LPG) on Thursday, January 12, 2023.
  • During the 45-minute session, John Lycouris, Dorian LPG USA CEO, and Ted Young, Dorian LPG CFO, provided an image of the growing LPG market and VLGC sector as part of Capital Link’s Company Presentation Series.
  • The liquified petroleum gas (LPG) company’s modern fleet consists of 19 ECO VLGCs, one modern VLGC, and two chartered-in VLGCs.
  • LPG has risen in prominence as an alternative to gasoline, coal, and oil due to its low cost, abundant supply, and portability.

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

Retrieved on: 
Saturday, January 7, 2023

JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.

Key Points: 
  • JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.
  • PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana.
  • Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.
  • Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.

Dorian LPG Ltd. Announces New Partner Agreement with the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping

Retrieved on: 
Friday, January 6, 2023

STAMFORD, Conn., Jan. 6, 2023 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs"), today announced that the Company has signed a Partner Agreement with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the "Center"), formalizing Dorian LPG as a Mission Ambassador to the independent not-for-profit research and development center.

Key Points: 
  • STAMFORD, Conn., Jan. 6, 2023 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs"), today announced that the Company has signed a Partner Agreement with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the "Center"), formalizing Dorian LPG as a Mission Ambassador to the independent not-for-profit research and development center.
  • As one of the leading VLGC owners and operators with in-house technical and commercial management, Dorian LPG will share with the Center its experience and capabilities that are relevant to decarbonization projects.
  • John Hadjipateras, Chairman and CEO of Dorian LPG said: "To meet and exceed the industry' decarbonization targets there is an essential need for research and development collaboration amongst shipping and logistics organizations.
  • The Company does not assume any obligation to update the information contained in this press release.

Live Webinar: BW LPG, Dorian LPG & Navigator Holdings To Discuss the LPG Sector Current Trends & Outlook

Retrieved on: 
Monday, November 21, 2022

Young, CFO - Dorian LPG Ltd. (NYSE: LPG)

Key Points: 
  • Young, CFO - Dorian LPG Ltd. (NYSE: LPG)
    Mads Peter Zacho, CEO - Navigator Holdings Ltd. (NYSE: NVGS)
    The LPG market shows solid fundamentals with a strong outlook for ammonia, LPG, and Petrochemical trades.
  • This webinar will discuss market trends, fundamentals, and the sectors outlook.
  • With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers.
  • BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies.