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.

- Advertisements -

Most Popular

Spark: spot LNG shipping rates ease this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet declined this week as vessel availability increased,...

Pilot LNG, Seapath plan to build $150 million US bunkering facility

Houston-based Pilot LNG is joining forces with Libra Group's maritime unit Seapath to build what they say is the...

US weekly LNG exports down to 21 shipments

US liquefied natural gas (LNG) exports declined in the week ending September 27 compared to the week before, according...

More News Like This

QatarEnergy, HD Hyundai Heavy ink $3.9 billion deal for 17 LNG carriers

LNG giant QatarEnergy has signed a shipbuilding deal worth about $3.9 billion with South Korea's HD Hyundai Heavy Industries...

QatarEnergy eyes orders for giant LNG carriers

State-owned LNG giant QatarEnergy is planning a major order of Q-Max LNG carriers at yards in South Korea and...

KR OKs HD Hyundai Heavy’s LNG-powered VLGC design

South Korean shipbuilding giant HD Hyundai Heavy Industries has secured an approval in principle from compatriot classification society Korean...

Hyundai Heavy to build LNG carrier duo for about $530 million

South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build two liquefied natural gas (LNG) carriers...