VLGC

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.

Mitsubishi Shipbuilding Completes Conceptual Design of VLGC Enabling Conversion of Main Fuel from LPG to Ammonia

Retrieved on: 
Friday, June 10, 2022

The conceptual design of an LPG-powered VLGC enabling future conversion to ammonia fuel was developed based on Mitsubishi Shipbuilding's experience and expertise in the construction and delivery of more than 80 very large LPG carriers and multi-purpose gas carriers capable of carrying ammonia.

Key Points: 
  • The conceptual design of an LPG-powered VLGC enabling future conversion to ammonia fuel was developed based on Mitsubishi Shipbuilding's experience and expertise in the construction and delivery of more than 80 very large LPG carriers and multi-purpose gas carriers capable of carrying ammonia.
  • Creation of a design enabling conversion to ammonia fuel in line with future needs is expected to permit relatively small-scale ship retrofitting when use of ammonia fuel becomes a viable option.
  • Ammonia is expected to come into wide use in the future as a stable and clean source of energy.
  • Mitsubishi Shipbuilding's newest VLGCs, in addition to using LPG fuel as an alternative to the conventionally prevalent heavy oil, can also transport ammonia as cargo.

Dorian LPG Ltd. Provides Update for Fourth Quarter 2022 and Announces the Completion of a Japanese Financing Transaction and Fourth Quarter and Full Year 2022 Earnings and Conference Call Date

Retrieved on: 
Thursday, May 19, 2022

(2) Based on the midpoint of the preliminary projection for the fourth quarter ended March 31, 2022, included herein.

Key Points: 
  • (2) Based on the midpoint of the preliminary projection for the fourth quarter ended March 31, 2022, included herein.
  • On May 19, 2022, the Company completed the $70 million sale and leaseback of its 2015 built VLGC Cougar.
  • The financing has a 10-year term with purchase options beginning in May 2025, amortizes principal of $900,000 per quarter, and carries an interest rate of 2.45% over the 3-month secured overnight financing rate.
  • Information on the Company's website does not constitute a part of and is not incorporated by reference into this press release.

Global LPG Tanker Market (2022 to 2030) - Size, Share & Trends Analysis Report - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 24, 2022

Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period.

Key Points: 
  • Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period.
  • Very large gas carriers are widely used for the transportation of liquified petroleum gas (LPG) for longer distances across various countries.
  • The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.
  • This merger was done to stay competitive in the market and reduce the current competition
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220324005640/en/

LPG in World Markets, 2022: Presents Country-Level Analysis of Supply & Demand, Shipping, Direction of Trade, Market Values, and More - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 10, 2022

LPG in World Markets provides comprehensive information, analysis and data on the global LPG brokerage market.

Key Points: 
  • LPG in World Markets provides comprehensive information, analysis and data on the global LPG brokerage market.
  • The report provides global coverage of contract and spot LPG pricing, supply and demand, spot transactions, LPG shipping fixtures and trends, and monthly fundamentals data for the major LPG brokerage markets.
  • The study places particular emphasis on industry trends and fundamental analysis of trade flows and supply and demand.
  • Subscribers also receive the LPG Yearbook, released in the first quarter of each year, which summarizes and reviews the past year's events.

Dorian LPG Ltd. Provides Update for Third Quarter 2022 and Announces Third Quarter 2022 Earnings and Conference Call Date

Retrieved on: 
Wednesday, January 26, 2022

STAMFORD, Conn., Jan. 26, 2022 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today updated its financial and operational outlook for the quarter ended December 31, 2021. The Company plans to issue a press release on Thursday, February 3, 2022 prior to the market open, announcing its financial results for the third quarter ended December 31, 2021.

Key Points: 
  • Based on the midpoint of the preliminary projection for the third quarter ended December 31, 2021 included herein.
  • The Company does not assume any obligation to update the information contained in this press release.
  • Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs.
  • Dorian LPG has offices inStamford, Connecticut, USA; Copenhagen, Denmark; and Athens,Greece.

Vopak Moda Houston Commissions Its Fully Operational Marine Terminal in the Port of Houston

Retrieved on: 
Tuesday, December 14, 2021

Vopak Moda Houston, LLC today announced that its marine terminal in the Port of Houston is fully operational.

Key Points: 
  • Vopak Moda Houston, LLC today announced that its marine terminal in the Port of Houston is fully operational.
  • Formed in 2016, Vopak Moda Houston is a joint venture between Royal Vopak and Moda Midstream.
  • Designed to handle very large gas carriers (VLGCs), as well as smaller vessels and barges, Vopak Moda Houston is the only waterborne ammonia terminal in the Port of Houston with deepwater capabilities.
  • Vopak Moda Houston is directly connected via pipeline to the Port of Houston petrochemical complex, the nations largest and worlds second-largest petrochemical complex.

Dorian LPG Ltd. Provides Update for Second Quarter 2022 and Announces Second Quarter 2022 Earnings and Conference Call Date

Retrieved on: 
Wednesday, October 27, 2021

Based on the midpoint of the preliminary projection for the second quarter ended September 30, 2021 included herein.

Key Points: 
  • Based on the midpoint of the preliminary projection for the second quarter ended September 30, 2021 included herein.
  • The Company does not assume any obligation to update the information contained in this press release.
  • Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs.
  • Dorian LPG has offices inStamford, Connecticut, USA;London, United Kingdom; Copenhagen, Denmark; and Athens,Greece.