StealthGas considering LPGC order

Costs to ship liquefied petroleum gas will exceed the 2008 record as the U.S. expands exports amid rising demand in Latin America and India, according to Exmar NV (EXM), the operator of 27 carriers.

The Board of Directors of COSCO Corporation (Singapore) Limited today announced that COSCO (Dalian) Shipyard Co . Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over RMB500 million (approx $81.5 Mln) from a Chinese ship owner to build one 28,000 CBM LNG Vessel.

Freeport LNG Expansion, L.P. (Freeport LNG) today announced that it had received authorization from the U.S. Department of Energy (DOE) to export domestically produced liquefied natural gas (LNG) to any country that has, or in the future develops, the capacity to import LNG and with which trade is permissible.

Rates to ship liquefied natural gas fell to the lowest in almost two years as the opportunity to profit from shifting cargoes to Asia closed, curbing trading distances, according to Fearnley Securities AS.