Pushing forward the boundaries on cleaner fuels, ABS has collaborated on the world’s first successful conversion of a slow-speed marine diesel engine to operate on Ethane as a fuel.
Faced with continued bleak prospects in the offshore market Bourbon is diversifying into the gas and ethane shipping markets in a $320m acquisition of companies owned by its parent Jaccar Holdings.
A new shipping trade has been born with the first ethane export cargo departing the US for Norway.
JHW has ordered five of the largest ever ethane carriers at Dalian Shipbuilding Industry Offshore (DSIC) in China, each powered by an MAN B&W dual-fuel engine.
A number of shipowners in the gas sector are eyeing the potential of the nascent ethane shipping and VLEC market on the back of the shale gas revolution.
Jaccar Holdings and Hartmann Group are forming a joint venture in Singapore to commercially manage ethane carriers.
Classification society ABS has been selected to class a series of very large ethane carriers (VLECs) built at Samsung Heavy Industries for India’s conglomerate Reliance.