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20/8/2012

Fredriksen firm buys 2 new gas carriers for $127 mln


Frontline 2012, the unlisted investment vehicle of Norwegian-born shipping tycoon John Fredriksen, has ordered two newly built 83,000 cubic metre gas carriers for $127 million, the company said on Monday.

In addition, it has secured four fixed-price optional contracts for similar vessels at a total contractual value of $254 million.

"Frontline 2012 is currently in discussions regarding a further increase of the newbuilding programme and will continue to pursue its target to within three years create the global leading commodity shipping company based on modern, high quality, environmental friendly and fuel efficient tonnage," it said in a statement.

Gas

Freeport LNGFreeport 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.
On May 17, 2013, Mitsubishi Heavy Industries will sign an agreement with Mitsui O.S.K. Lines, Ltd. to build a "Sayaendo" series new-generation liquefied natural gas carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull, resulting in significantly improved fuel consumption and maintainability.
Active on the bulker side. Dansish Norden today announced a total of 13 vessels. Two kamsarmaxes and four supramaxes will be built at different yards in Japan and at the same time another two kamsarmaxes and five supramaxes will be chartered in long term with purchase options.




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