MHI receives order from Astomos Energy for LPG carrier

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3 October 2014, Gas, LPG

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The LPG carrier on order is identical to vessels ordered to MHI by Astomos Energy late last year and again this past spring. The carrier will provide the world's highest level of energy-saving performance, flexibility to accommodate major LPG terminals around the globe, and specifications suited to passage through the newly expanding Panama Canal. Completion and delivery of the ship are scheduled for the second half of 2016.

The newly ordered LPG carrier will measure 230.0 meters (m) in length overall (LOA), 36.6m in width and 11.1m in draft, with gross tonnage of 48,300 tons (t) and deadweight tonnage of 51,100t. It will have capacity to carry up to 83,000 cubic meters (m3) of LPG. The adoption of MHI's unique hull design and other features will provide the carrier with superlative fuel efficiency and outstanding adaptability to the diverse connecting conditions of the world's LPG terminals.

The ship will also be equipped with the industry's most advanced systems, including mooring arrangement, to enable passage through the newly expanding Panama Canal, which is expected to become operable early in 2016. Construction, as with the two previously ordered vessels, will be carried out at MHI's Nagasaki Shipyard & Machinery Works.

Astomos Energy presently operates a fleet of 21 large-scale LPG carriers. All six vessels owned by the company and 10 of the company's 15 time-chartered vessels were built by MHI at the Nagasaki Shipyard. Today Astomos Energy is pursuing a medium-term business plan to expand its LPG transport structure, targeting an increase in gross LPG handling volume from the current 10 million tons per year (mtpy) to more than 12mtpy in 2015. The order newly placed to MHI is an integral part of that initiative. The new carrier, when completed, will replace one of Astomos Energy's own superannuated vessels.

Source: MarketLine

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