Navigator Holdings, Pacific Gas and Greater Bay Gas form new pool

The Luna Pool will focus on transporting liquefied pretrochemical gas cargoes with a specific focus on ethylene and ethane.

The capacity of the 14 handysizes will range between 17,000 cu m to 22,000 cu m.

The pool will start operations in April with commercial and operational management from the Navigator Gas London office supported by existing offices of Pacific Gas and Greater Bay offices in Singapore, Shenzhen and Shanghai.

Harry Deans, ceo of Navigator Gas, said: “With the successful commencement of our joint venture ethylene export terminal at Morgan’s Point, Houston (in January 2020) we are seeing an increased demand for shipping gaseous products worldwide. To better serve our existing and new customers as a result of this structural change we have decided to expand our presence in the seaborn transportation of ethylene through this strategic partnership with Pacific Gas and Greater Bay Gas.”

Greater Bay Gas, a gaseous product logistic service provider based in Shenzhen, observed that there has been strong demand for ethylene imports into Asia and this trend is expected to continue. Long haul ocean transportation of ethylene and ethane, in particular, from US is increasing.

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Navigator Holdings, Pacific Gas and Greater Bay Gas form new handysize pool