Topic
fleet renewal
Logistics Dorian LPG Orders $115M VLGC Newbuild, Sells Three Older Tankers as Rates Surge
New York-listed VLGC owner Dorian LPG has ordered one 90,000 cu m dual-fuel VLGC at HD Hyundai for about $115m, scheduled for July 2029 delivery, while selling three older VLGCs for combined proceeds of $256m. The fleet moves come as VLGC earnings surge, with the company fixing 99% of its available days for the quarter ending June 30 at over $68,000 per day and 34% of July days at over $100,000 per day.
Logistics Ardmore Shipping Exercises Options for Two More Product Tankers at Wuhu Shipyard
Ireland-based product tanker owner Ardmore Shipping has expanded its newbuilding programme in China by exercising options for two additional 40,500 dwt product and chemical carriers at Wuhu Shipyard. The move brings its orderbook at the Chinese yard to four vessels, with deliveries scheduled from late 2028, and the company has secured two further options for future expansion.
Logistics Seanergy Expands Fleet with Sixth Eco-Friendly Newbuild
Seanergy Maritime is advancing its fleet renewal strategy with the addition of a sixth eco-design bulker. This move marks a shift towards modern, fuel-efficient vessels, enhancing fleet quality and long-term earnings.