Capital Gas secures LNG carrier charter deals

Greek shipping firm Capital Gas Ship Management, led by Evangelos Marinakis, has reportedly secured charter deals for two newbuild liquefied natural gas (LNG) carriers.

VesselsValue data suggests Capital Gas recently signed two seven-year bareboat charter agreements with Nigeria’s ​Bonny Gas Transport (BGT), the shipping unit of LNG producer Nigeria LNG.

Under the deals, BGT would take on charter the 174,000-cbm LNG carrier, Axios II, and the 174,000-cbm LNG carrier, Aktoras, the data shows.

BGT would pay 100,000 per day for the charters which are expected to begin in December 2023 and July 2024, according to the data.

In May this year, South Korea’s HD Hyundai Heavy Industries launched the 299 meters long LNG carrier, Axios II.

The Capital Gas website shows that the LNG carrier features MAN ME-GA engines and GTT’s Mark III Flex containment system and the company expects to take delivery of this ship by the end of this year.

As per Aktoras, this 299 meters long LNG carrier also features MAN ME-GA engines and GTT’s Mark III Flex containment system.

Capital Gas plans to take delivery of this vessel from South Korea’s Hyundai Samho in 2024.

LNG fleet growing

The company has at least 18 LNG carriers in its fleet, including the seven LNG carriers purchased by New York-listed Capital Product Partners.

Besides these seven LNG carriers, Capital Gas has 11 more vessels on order in South Korea scheduled for delivery between 2023 and 2027, according to its website.

Last year, Capital Gas also bought the 138,000-cbm LNG carrier, Trader II. This vessel is not listed on its website.

The VesselsValue data shows that this LNG carrier is on charter to PetroChina.

Also, the data suggests that Capital Gas earlier this year purchased the 2002-built 137,100-cbm LNG carrier, Trader III, previously known as Puteri Intan Satu, for about $32.5 million from Malaysia’s MISC.

Most recently, Capital Gas bought the 2002-built 137,231-cbm, Trader IV, previously known as LNG Rivers, for $35 million from BGT, the data shows.

Besides LNG carriers, Capital Gas has two 22,000-cbm LCO2 carriers and two 88,000-cbm VLAC vessels on order in South Korea.

Most Popular

South Korea’s Samsung Heavy clinches another LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build another liquefied natural gas (LNG) carrier for approximately $252 million.

Cedar FLNG launched in South Korea

South Korea’s Samsung Heavy Industries has launched Cedar LNG's floating LNG production unit, which will be installed in Kitimat on Canada’s West Coast.

Glenfarne expects Alaska LNG project to cost up to $54.5 billion

US energy firm Glenfarne expects both phases of the Alaska LNG project to cost up to $54.5 billion.

More News Like This

CCEC secures new LNG carrier charter deals

LNG carrier owner Capital Clean Energy Carriers (CCEC) has secured bridging time charter deals for two of its newbuild liquefied natural gas carriers.

CCEC brings forward LNG carrier deliveries

LNG carrier owner Capital Clean Energy Carriers (CCEC) brought forward the delivery of its three LNG carriers under construction to capitalize on opportunities arising from the volatile market caused by the Middle East conflict.

CCEC sells LNG carrier stake, seals 10-year charter deal

LNG carrier owner Capital Clean Energy Carriers (CCEC) has agreed to sell its 2023-built LNG carrier Amore Mio I to a unit of a joint venture it formed with global energy trader BGN Group. The JV has secured a 10-year time charter of the vessel with BGN.

CCEC names Martin Houston as chairman

LNG carrier owner Capital Clean Energy Carriers (CCEC) has appointed Martin Houston, former chief operating officer of BG and co-founder of Tellurian, as its chairman.