Astomos Adds Three LPG Newbuilds to the Tally

Tokyo-based Astomos Energy Corporation has ordered three Very Large Gas Carriers (VLGC) at two Japanese shipyards, bringing its order book to ten newbuildings.

Under the deal, the company has ordered two 82,200-cbm LPG ships at Kawasaki Heavy Industries that are scheduled for delivery in the first half of 2019.

Astomos has also placed an order at Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), for a very large liquefied petroleum gas carrier featuring 83,000 cubic meters in capacity. The order will be carried out via NYK Line based on a five-year charter agreement the company had signed with Astomos.

The order marks the very first to be received by Mitsubishi Heavy Industries Shipbuilding since the company’s launch on October 1. The LPG carrier on order is identical to the four vessels Astomos Energy has already ordered at MHI since 2013. Completion and delivery are scheduled for the fourth quarter of 2018.

The ships will be equipped with the industry’s most advanced systems, including mooring arrangement, to enable passage through the newly expanding Panama Canal, which is expected to become operable in the first half of 2016.

Besides the newly ordered carrier, Mitsubishi Heavy Industries Shipbuilding will also build or complete the four ships previously ordered by Astomos Energy at MHI.

Astomos Energy presently operates a fleet of 21 very large LPG carriers. All six vessels owned by the company and 10 of the company’s 15 time-chartered vessels were built by MHI at the Nagasaki Shipyard. Currently Astomos Energy, in its new medium-term business plan beginning in fiscal 2015, is targeting expansion of its LPG transport structure and an increase in its gross LPG handling volume from the current 10 million tons per year (mtpy) to more than 12mtpy by 2017.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >