Second LEG Carrier Handed Over to Ocean Yield

Illustration; Image Courtesy: Hartmann Group

Norwegian shipowner Ocean Yield has taken delivery the delivery of the liquefied ethylene gas carrier Gaschem Orca from China’s Sinopacific Offshore & Engineering (SOE).

Upon delivery, the carrier commenced a 15-year bareboat charter to the German shipping company Hartmann Group. It will enter into a 10 year sub-charter to SABIC Petrochemicals upon arrival in Houston in July, according to Ocean Yield.

Gaschem Orca will be used for shipments of ethane from Houston to SABIC’s cracker in Teeside, UK.

The 36,000 cbm vessel is the second of two sister ships delivered to the company.

The first eco-friendly LEG carrier, the 38,000 cbm Gaschem Beluga, joined its owner in November 2016. Upon delivery, it too commenced a 15-year bareboat charter to Hartmann.

Ocean Yield ordered the batch of three LEG carriers from Sinopacific in May 2014, however, in mid-October the company said it decided to cancel the third vessel under the agreement as a result of the negotiations which were undertaken after Sinopacific Offshore & Engineering filed for receivership in August 2016.

So far this year, Ocean Yield has taken delivery of five vessels and the company’s total fleet stands at 37 vessels, of which 36 have been delivered.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
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

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >