DryShips Wades Deeper into Tanker and Gas Carrier Markets

NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 million.

DryShips Wraps Up First VLGC Purchase

Greek owner of drybulk carriers DryShips Inc. has acquired a very large gas carrier (VLGC) for a price of USD 83.5 million, the first vessel under a “zero cost” option agreement signed earlier in January.

KOTC Looking to Order Eight New Vessels

Kuwait Oil Tanker Company (KOTC) has opened a shipyard pre-qualification process for the design, construction and delivery of up to eight vessels.

Drewry: VLGC Oversupply to Put More Pressure on Freight Rates

High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry.

BW LPG Remains in Loss amid Depressed Spot Rates

Oslo-listed gas carrier owner BW LPG has reported a loss of USD 60.4 million in the third quarter of 2016, compared to a profit of USD 106.1 million seen in the same quarter a year earlier, representing a 156.9 percent change.

New VLGC Joins BW LPG’s Fleet

Singapore’s gas carrier owner BW LPG has further expanded its fleet as it took delivery of the first of four Very Large Gas Carriers (VLGCs) in its newbuilding program from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).

New VLGC Joins BW LPG’s Fleet

Singapore’s gas carrier owner BW LPG has further expanded its fleet as it took delivery of the first of four Very Large Gas Carriers (VLGCs) in its newbuilding program from Daewoo Shipbuilding and Marine Engineering (DSME).