American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, has taken delivery of the fourth and final 50,000dwt product tanker constructed by US-based shipbuilder Philly Shipyard. The 29,801gt tanker, named the American Pride, was delivered ten days ahead of the contract delivery date. The vessel is based on a proven Hyundai Mipo Dockyards (HMD) design that also incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements. The ship has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS). The ship has a carrying capacity of 14.5 million gallons of crude oil or refined products. Like her three sister ships, the American Pride was originally under contract with Philly Tankers, a Jones Act shipping company established in June 2014. In August 2015, Philly Tankers entered into definitive agreements with APT for the assignment by Philly Tankers of its shipbuilding contracts and related assets to APT.

Cosco Shipping Energy Transportation has entered into agreements with Dalian Shipbuilding to the value of $533 million. Under the deals, signed on 20th November, the company ordered four VLCCs and three Suezmax tankers. The new VLCCs are expected to be delivered in August, October, December 2020 and March 2021, respectively. The Suezmaxes are scheduled for delivery in August/November 2020 and January 2021.

Dynagas Holding took delivery of two Arctic LNG carriers from Daewoo Shipbuilding & Marine Engineering (DSME) in November, destined to work for the liquefied natural gas production project Yamal LNG. The new carriers, the Boris Vilkitsky and Fedor Litke, were ordered as part of a series of 15 LNG carriers for Russia’s LNG project. The 85,000dwt units are almost 300m long and have a 50m beam. The ships were handed over to LNG carrier owner Dynagas Holding and will be employed under long capable of all year round operation at temperatures up to -50 °С, the ships feature a high ice class Arc7 which allows them to navigate independently in the ice of up to 2.1m thick when moving astern.The 172,600m3 capacity vessels are equipped with three Azipod propulsion units of 45mw joint capacity and new membrane-type gas containment system called GT NO96 GW. DSME also laid the keel of a new gas carrier from the same batch, hull No. 2427, in November.


J. Lauritzen of Denmark added more vessels to its chartered fleet during the third quarter of 2017, as the dry cargo markets strengthened in that period. The company took on 3 handysize bulk carriers on medium-term time-charter for up to two years, with options to extend. Additionally, a smaller pressurised gas carrier was also taken on medium-term time-charter. During the third quarter of 2017, J. Lauritzen’s average number of controlled bulk carriers reached 95, down from 98 in the same period in 2016, while the average number of operated gas carriers reached 31 compared to 32 operated a year earlier.

Kawasaki Kisen Kaisha (K Line) expanded its fleet upon delivery of the 311,000dwt, 350,337m3 and 161,486gt VLCC Kisogawa on 15th November. The 339m long and 60m beam ship, constructed by China’s Nantong Cosco KHI Ship Engineering, achieves a 20% saving in fuel consumption compared with the company’s conventional VLCC ships as she has been constructed minus a bulbus bow. The savings are boosted by the installation of an ultra-long stroke slow speed main diesel engine and highly-efficient large diameter propeller.

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