Cash has been raised for an impending series of innovative new gas ships. Australia-based Global Energy Ventures (GEV) has raised A$4.7m in an equity placement, helping it on its way to order four compressed natural gas (CNG) carriers later this year. The 185 m long ship designs from GEV can carry 200 MMscf of gas.
GEV’s executive chairman, Maurice Brand, said: “This successful capital raising positions GEV to accelerate its plans for 2019, with the absolute key focus to deliver a CNG final investment decision and order four CNG optimum 200 ships.”
Following extensive discussions with almost 20 shipyards during 2018, four shipyards have now been shortlisted to build the vessels, which feature 140 km of pipes. A decision on which yard to place the order will be made in the next couple of months.
GEV states on its website its goal is to become a world leader in the shipping of CNG.
Among well known names associated with the venture, Jens Martin Jensen, formerly John Fredriksen’s right hand man, is listed as a boardmember.