• 2023 January 18 17:15

  Navigator Holdings announces second vessel acquisition under 60/40 JV with Greater Bay Gas

  Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, has announced the second vessel acquisition under its 60/40 joint venture with Greater Bay Gas Co. Ltd. (Liberia), previously announced on September 30, 2022. The Joint Venture announced the purchase of its first of five vessels on December 20, 2022, according to the company's release.

  The vessel, renamed Navigator Solar, is a 17,000 cbm liquefied ethylene gas carrier, built in 2018 and was delivered on January 16, 2023. The remaining vessels expected to be purchased over the next 12 months by the Joint Venture are three 22,000 cbm, 2019-built ethylene carriers.

  As previously announced, all five vessels will continue to be commercially managed under the Luna Pool collaboration arrangement, and technical management will be provided by the third-party technical manager, PG Shipmanagement Pte. Ltd. of Singapore.
  
  Greater Bay Gas is a gaseous product logistic service provider based in the heart of the Shenzhen Greater Bay Area, China. It currently operates the fleet of five modern semi-pressurized and semi-refrigerated ethylene and ethane gas carriers that are expected to be acquired by the Joint Venture. It aims to develop its core business through global strategic partnerships to serve increasing demand for shipping and related logistics of gaseous product worldwide.

  Greater Bay Gas Co. Ltd. (HK) was founded primarily by Equator Fund Limited, which is a maritime-focused fund, having its headquarters in the Municipality of Shenzhen, with offices in Hong Kong and Shanghai, China.
  
  Navigator Holdings Ltd. is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. Navigator’s fleet now consists of 54 semi- or fully-refrigerated liquefied gas carriers, 23 of which are ethylene and ethane capable.

---

2023 March 30

18:23	Konecranes launches new Zero4 program to receive EUR 70 million from Business Finland
18:17	NORDEN partner with Spar Shipping on use of biofuel
18:07	Belize, Japan and Portugal join the 2012 Cape Town Agreement
17:54	Transport hub for Russia’s export grain to be created in Iran
17:31	RF Government to finalize plans on development of transport corridors
17:29	NORDEN enters Capesize segment
17:23	Seaspan gets more than $2 billion in contracts to Canadian companies for the design and construction of new, large non-combat vessels
17:20	Wan Hai Lines holds ship naming ceremony for new vessel Wan Hai 331
17:15	Meyer Werft announces keel laying for Disney Treasure
17:06	Russian Federal Fisheries Agency approves expansion of Zvezda shipyard’s capacity
16:45	The combined EBIT of 12 largest shipping lines reach USD 95bn in 2022
16:26	Wartsila launches world-first radical derating solution for two-stroke engines
16:25	DP World sets new Southampton record for handling containers on ship
16:05	Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel
15:42	EU agrees stronger legislation to accelerate the rollout of renewable energy
15:29	TransContainer launches service for cargo traffic to China via Saint Petersburg
15:20	LR awards AiP to Hyundai Heavy Industries for its new Onboard Guidance System
15:04	SCZONE signs a framework business agreement with Suez Canal Container Terminal Company
14:57	RF Transport Ministry extends validity period of seafarers’ documents until 30 June 2023
14:32	MacGregor receives a large order for RoRo equipment for dual-fuel LNG Pure Car and Truck Carriers for Sallaum Lines
14:28	ScottishPower formalises a £1.3billion contract with Siemens Gamesa for 95 wind turbines for the East Anglia Three offshore windfarm
13:54	COSCO SHIPPING Ports total throughput increases by 0.6% to 130,107,074 TEU in 2022
12:58	Alfa Laval joins the Global CCS Institute
12:46	USC’s Lotos Shipyard starts cutting steel for lead container ship of Project 00108
12:22	Sergey Kulikov appointed as General Director of Russian Maritime Register of Shipping
12:01	MAN Energy Solutions’ MAN 49/60DF engine receives Type Approval
11:45	Dredging works commenced on Volga-Caspian Canal
11:33	Port of Houston container volumes up 15% in February 2023
11:04	VARD Electro AS signs multi-million-euro project with Yaskawa Environmental Energy / The Switch
10:41	Global long-term container rates down by 24% since August 2022 - Xeneta
10:23	RC Dock receives Class Approval from RINA for new remotely controlled unmanned workboats
10:11	RosGeo invested about RUB 500 million in equipment of ships in 2022
09:58	The Maritime and Port Authority of Singapore сollaborates with Bluenergy Solutions to launch Proof of Value project for clean tidal energy
09:24	Ordering of special ships for tourism is easier than modernization of research vessels for cruises - RosGeo

2023 March 29

19:28	The problem of excess stock in Russia’s Far Eastern ports is settled – Vladimir Putin
18:37	ABP and Sizewell C plan to develop Direct Air Capture facility at Port of Lowestoft
18:06	Port of Savannah adds 55 hybrid yard cranes
17:46	ADNOC LS unveils Integrated Logistics Services Platform
17:30	Roundtable meeting “Working professions in seaports” to be held in online format on 25 April 2023
17:16	Inland ports welcome a a deal on the requirements for Alternative Fuel Infrastructure
17:03	Rosneft Oil Company and Indian Oil Company sign agreement to substantially increase oil supplies
16:49	IMO CARES project receives a further round of funding from the Kingdom of Saudi Arabia
16:31	Poseidon Acquisition acquires all of the outstanding common shares of Atlas
16:26	DP World expands offering at the Port of Berbera in Somaliland with new edible oil terminal
16:14	Fuel oil and VGO shipments from Russian ports to Singapore and Malaysia could exceed 1.1 million metric tonnes in March
15:43	Moín Container Terminal receives its third largest vessel
15:27	Russian Railways to increase Eastern Polygon capacity by 9.5% this year
15:13	Syria port authority shuts all ports due to bad weather - Reuters
14:59	USC General Director named flammability and price of composite materials as key factors hindering their use in shipbuilding
14:12	ICS publishes new landmark practical medical guide
13:42	Wartsila to supply the engines for Celebrity Cruises’ new ship
13:23	Lead bulkers for grain exports to be launched in 2025-2026 — Rosagroleasing
13:12	DNV upgrades AFI platform to promote data-sharing and accelerate transition to zero-carbon shipping
12:42	GTT entrusted by Samsung Heavy Industries with the tank design of a new Floating Liquified Natural Gas unit
12:08	Eight new LNG carriers will feature Wartsila reliquefaction systems
11:36	NYK to make Mitsubishi Ore Transport its wholly-owned subsidiary
11:12	Tianjin Port Development announces 2022 results
11:00	DP World opens one-stop refrigerated container facility in Sydney
10:56	Belarus exports its cargo via 20 Russian ports at preferential tariffs – PM Roman Golovchenko
10:45	Greek fleet shrinks for the first time since 2018