There are just a handful of purpose-built LNG supply vessels in the world, but the sector is growing as LNG gains popularity as a marine fuel.
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Singapore’s Sembcorp Marine has secured a contract from Teekay Offshore to work on floating production storage and offloading unit Petrojarl Varg, which is currently laid up.
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The caveat to LNG as a marine fuel is that it applies more to newbuild vessels, as retrofitting costs are prohibitive.
Dorian LPG has hit back at BW LPG’s withdrawal from a proposed merger, in which the latter cited a lack of constructive engagement from Dorian.
BW LPG has withdrawn its offer to combine with Dorian LPG, citing a lack of constructive engagement.