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.

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