Shanghai: Wilbur Ross-backed Navigator Holdings has exercised its option to build an additional three 35,000 cu m ethylene/ethane capable semi-refrigerated liquefied gas carriers, in addition to the one vessel of the same size already under construction. The three additional vessels will be built at Jiangnan Shipyard in China for $78.4m each.
“The 35,000 cu m ethylene and ethane carriers are specifically designed in anticipation of large scale exports of ethane becoming available from surplus US shale gas production and the desire by international petrochemical companies to diversify their feedstock supplies with low cost US ethane,” the company said in a release. The ships – the world’s largest semi-refrigerated liquefied gas carriers – will be delivered with dual fuel engines. [24/04/14]