Capital Gas: LNG carrier launched in South Korea

South Korea’s HD Hyundai Heavy Industries has launched a 174,000-cbm liquefied natural gas (LNG) carrier for Greece’s Capital Gas.

Evangelos Marinakis-led Capital Gas said in a social media post that the LNG carrier Axios II was launched on May 22, but it did not provide any additional information.

According to the shipping company’s website, the 299 meters long LNG carrier features MAN ME-GA engines and GTT’s Mark III Flex containment system.

Classed by ABS, the vessel also has Hi-ALS air lubrication system and shaft generators.

VesselsValue data shows that this LNG carrier is a part of an order for two LNG carriers from May 2021.

Under this order, Capital Gas will pay about $193 million for each of the LNG carriers and take delivery of the vessels by December 2023.

Amore Mio I and Axios II are the eighth and ninth vessel in the fleet managed by Capital Gas.

Besides these nine LNG carriers, Capital Gas has nine more vessels on order in South Korea and they will all feature ME-GA propulsion, its website shows.

In March, Capital Gas ordered two more LNG carriers at South Korea’s Hyundai Samho.

Prior to this, New York-listed Capital Product Partners took delivery of the seventh LNG carrier managed by Capital Gas in South Korea.

Capital Product Partners purchased Asterix I in June last year from its sponsor Capital Maritime & Trading Corp, boosting its owned fleet to seven LNG tankers.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

CCEC secures LNG carrier charter deals

Capital Clean Energy Carriers (CCEC) has secured employment for two of its 174,000-cbm LNG carriers, which are currently under construction in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Capital sells LNG carrier for scrap

Greece's Capital Gas has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

HD Hyundai Heavy lays keel for Excelerate’s FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification...