KSS Line secures second Trammo Gas charter

KSS Line secures second Trammo Gas charter

Seoul: KSS Line from South Korea has won a time charter contract from Houston-based ammonia trader, Trammo Gas.

Trammo Navigation will take a 38,000 cu m LPG carrier that KSS ordered at Hyundai Mipo earlier this month. This is the second charter deal the pair have concluded this year.

Both ships deliver in 2017 and will go on charter for five years at a daily rate of $21,000.

KSS has said it sees global ammonia trades growing exponentially in the coming years and has plans to order more ships tied to long-term charters.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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