New shipping trade born with first US ethane export cargo

A new shipping trade has been born with the first ethane export cargo departing the US for Norway.

The INEOS Intrepid left the Marcus Hook terminal near Philadelphia bound for Rafnes in Norway carrying a 27,500 cu m cargo of US shale gas ethane.

INEOS said it was the first time shale gas had ever been shipped to Europe.

The INEOS Intrepid is one of four 27,500 cu m Dragon class ethane multi-gas carriers that will form part of a fleet of eight ethane carriers.

“This is an important day for INEOS and Europe. We know that shale gas economics revitalised US manufacturing and for the first time Europe can access this important energy and raw material source too,” said Jim Ratcliffe chairman and founder of INEOS.

INEOS has built large ethane storage tanks in Rafnes, Norway and Grangemouth in Scotland to receive the exports from the US to be used in its cracker plants at both locations.

Posted 11 March 2016

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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