Brunei Gas Carriers sells old LNG tanker

Brunei Gas Carriers said it has sold its longest-serving A-Class liquefied natural gas (LNG) carrier, Abadi.

“On June 20, 2022, BGC bid a final farewell to its longest serving A-Class vessel, the S.S. Abadi, before she returns to her new owner next month,” BCG said in a social media post on Friday.

“The sale of S.S. Abadi comes as part of BGC’s long-term strategy to move away from steam-operated vessels in favor of greener and more fuel-efficient motor-operated vessels amidst on-going regulatory pressure to reduce greenhouse gas pollutants and our vessels’ carbon footprint,” it said.

BGC did not reveal any additional info regarding the sale.

VesselValue data suggest the Moss type vessel, built in 2002 by Japan’s Mitsubishi Heavy, is worth about $28.7 million.

Brunei Gas Carriers sells old LNG carrier
Image: Brunei Gas Carriers

Established in 1998, the Brunei government holds 80 percent in BGC, while Shell and Mitsubishi Corporation’s Diamond Gas Carriers each have a 10 percent stake.

BGC now owns four A-Class vessels, namely Arkat, Amali, Amani, and Amadi, ranging from 147,000 cbm to 154,800 cbm.

The company’s vessels serve the 6.7 mtpa Brunei LNG export plant in Lumut, one of the world’s oldest LNG export facilities. Shell and Mitsubishi have each a 25 percent share in the facility, while the Brunei government holds 50 percent.

Most Popular

MOL’s large LNG carrier fleet expands

The Jaanpese shipping firm said in its results report it had 100 LNG vessels at the end of September...

US sanctions four LNG carrier owners

The Department of State said in a statement on Wednesday that it continues to designate entities involved in the...

Samsung Heavy scores LNG carrier order

Samsung Heavy said on Thursday that it will build the LNG carrier for an unidentified owner in Asia. The shipbuilder...

More News Like This

Shell CEO on 2025 LNG market outlook: ‘I don’t have a crystal ball’

Sawan was asked during Shell's third-quarter earnings call on Thursday if he could share his views on the 2025...

Shell’s Q3 profit reaches $6 billion, LNG sales up

The UK-based firm said its adjusted earnings reached $6.03 billion in the third quarter, down 3.1 compared to $6.22 billion...

Shell’s LNG Canada starts cooldown activities

LNG Canada previously said it would receive a cargo of refrigerants (liquefied petroleum gas) onboard the tanker Gaschem Atlantic. The...

First Gen’s Batangas FSRU gets new LNG cargo

The 162,000-cbm FSRU BW Batangas, owned by BW LNG and chartered by First Gen, received the cargo from the...