Eddie Steamship buys BW’s LNG carrier

Taiwan-based Eddie Steamship has recently purchased a 2003-built liquefied natural gas (LNG) carrier from a unit of Singapore-based gas shipping giant BW, according to brokers.

The vessel in question is the 138,000-cbm BW Everett, previously known as BW GDF Suez Everett.

According to reports by Intermodal and other brokers, Eddie Steamship purchased the steam LNG carrier for $45 million.

Intermodal says the delivery of the vessel would take place in June.

Its AIS data provided by VesselValue shows that the vessel is expected to arrive at Thailand’s Map Ta Phut LNG terminal on May 21. It previously loaded a cargo at the Oman LNG plant in Qalhat.

VesselsValue’s data says that, BW Pavilion LNG, a joint venture of BW LNG and Temasek’s Pavilion sold the LNG carrier to Eddie Steamship.

BW LNG owns 51 percent in the joint venture which was formed in 2014 and the joint venture’s fleet includes two Singapore-flagged LNG carriers, BW Pavilion Vanda and BW Pavilion Leeara.

Pavilion also chartered BW Pavilion Aranthera and BW Pavilion Aranda from BW LNG.

BW’s website shows that the firm has eleven steam LNG carriers in its fleet and BW Everett is the oldest along the 138,000-cbm BW Boston.

On the other hand, Eddie Steamship operates bulkers and has no LNG carriers in its fleet.

In 2020, Eddie Steamship became a joint venture partner with China’s Shandong Shipping Group in the establishment of Shandong Shipping Asset Management of Hong Kong, its website shows.

Most Popular

Cheniere progresses commissioning of seventh Corpus Christi expansion train

US LNG exporting giant Cheniere is moving forward with commissioning activities at the seventh train of the Corpus Christi Stage 3 expansion project in Texas.

Excelerate’s newbuild FSRU arrives in Jordan

Excelerate Energy's newbuild floating storage and regasification unit, Excelerate Acadia, has arrived in Jordan to serve a nine-month contract.

Venture Global’s shipping unit inks $1.5 billion vessel loan facility

Venture Global's unit Venture Global Shipping Holdings entered into a senior secured term loan facility of up to $1.5 billion.

More News Like This

Singapore LNG bunkering volumes hit new record in May

Singapore’s monthly liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port Authority.

BW confirms new LNG carrier move

BW LNG, a unit of Singapore-based gas shipping giant BW, confirmed that it has ordered two new three-tank LNG carriers from South Korea’s HD Hyundai Samho.

BW orders LNG carrier duo at HD Hyundai Samho

BW LNG, a unit of Singapore-based gas giant BW, has ordered two LNG carriers from South Korea’s HD Hyundai Samho. These vessels are expected to feature three tanks instead of four, according to shipbuilding sources.

Singapore LNG bunkering volumes rise in March

Singapore’s monthly LNG bunkering sales rose 26 percent in March compared to the same month last year, according to Singapore’s Maritime and Port Authority.