Capital Gas welcomes newbuild LNG carrier to its fleet

Greek shipping firm Capital Gas Ship Management, led by Evangelos Marinakis, has taken delivery of a newbuild liquefied natural gas (LNG) carrier from South Korea’s HD Hyundai Heavy.

Capital Gas announced the delivery of the 174,000-cbm ME-GA LNG carrier, Amore Mio I, on Tuesday.

According to its AIS data provided by VesselsValue, the vessel was early on Wednesday located offshore Singapore. Amore Mio I left South Korea last week.

The data also shows that Capital Gas chartered this LNG carrier for a three-year period to state-owned LNG giant QatarEnergy.

Capital Gas did not mention the name of the charter in its statement.

Besides MAN ME-GA engines, the vessel is equipped with the latest available technologies, including an air lubrication system, shaft generators, and increased filling limits (above 99 percent), it said.

Capital Gas welcomes newbuild LNG carrier to its fleet
Image: Capital Gas

21 LNG carriers

Capital Gas said this is the eighth of eighteen newbuild vessels which will be delivered to the company until 2027.

This includes the seven LNG carriers purchased by New York-listed Capital Product Partners.

Capital Gas also said it is currently operating a fleet of 21 modern LNG carriers, two LCO2 carriers, and two dual fuel VLACs (very large ammonia carriers) with a total carrying capacity of about 3.18 million cbm.

Last year, Capital Gas bought the 138,000-cbm LNG carrier, Trader II, for about $33 million.

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.

Capital Gas also 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 will take on charter the 174,000-cbm LNG carrier, Axios II, and the 174,000-cbm LNG carrier, Aktoras, the data shows.

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