China’s Tianjin Southwest Maritime (TSM) has ordered two 83,000 cu m VLGCs at Jiangnan Shipyard, adding on to three existing orders that were confirmed between September 2013 to January this year, reports said.
One of Aurora LPG's peers attempted a hostile takeover last week by approaching key shareholders and making offers for their stakes in the company.
The Great Eastern Shipping (GE Shipping) has agreed to sell a 1990-built, 49,701 dwt very large gas carrier (VLGC).
Japan’s Astomos Energy has placed an order to construct one 82,200 cu m VLGC that will be able to pass through the expanded Panama Canal.
Stealthgas has reported increased profits in a strong quarter for both its spot and time charter businesses.
Stealthgas has priced an offering of 4.4m shares at $10.50 per unit for a gross haul of $47m.
Oriental Energy (Singapore) has sealed a long term charter contract with Pacific Gas, wholly-owned by Shandong Shipping, for four 50,000 dwt VLGC newbuildings.