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.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

VTTI and Hoegh LNG join forces on Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, is joining forces with FSRU player Hoegh LNG...

More News Like This

Capital Product Partners to buy 11 LNG carriers for $3.1 billion

New York-listed Capital Product Partners has entered into an umbrella agreement to buy 11 LNG carriers from its sponsor...

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...

Capital Product Partners welcomes Atsunori Kozuki to its board

New York-listed Capital Product Partners on Monday said it has welcomed former Inpex general manager for LNG business development...

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...