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.

BW LPG is seeking a major consolidation of the sector through a $1.1bn all-stock merger with Dorian LPG.

Navigator Holdings has entered into a $160.8m loan facility with Nordea Bank, BNP Paribas, DVB Bank America, ING Bank and Skandinaviska Enskilda Banken (SEB) to refinance an existing loan facility that is due to mature in February 2018.

Specialised shipbuilder Keppel Singmarine has inked an order to build two small LNG carriers for Stolt-Nielsen Gas, with options for three further newbuildings.

Odfjell has recorded a steep fall in net profit for the first quarter compared to the year-ago period, as the company is anticipating a challenging year ahead.

Odfjell has returned to the black in 2016 with a net profit of $100m, as it looks to expand its fleet to 100 ships in a continuing challenging market.

Dryships has bought its first VLGC from its chairman and ceo George Economou for $83.5m.

Dryships is set to enter the gas carrier market with an option agreement to buy four VLGC newbuildings from its chairman and ceo George Economou.

Odfjell has penned a letter of intent valued at $240m to build four stainless chemical tankers at a state-owned Chinese shipyard, with the final contract expected to be signed in the second half this year.

Bergen-headquartered Odfjell has returned to profit in the third quarter ended 30 September 2015 despite a fall in revenue, aided by improved operational performance.

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