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New ships underway for B-Gas

Former Eitzen-owned LPG carrier B-Gas is in the midst of a fleet renewal process at a time when several major carriers are looking to pull out of the small segment, says CEO Kim A. Kristensen.

Photo: B-Gas
BY KATRINE GRØNVALD RAUN

The replacement of an old fleet at carrier B-Gas, which was formerly part of Eitzen Chemical, is well underway, and the LPG carrier has just now contracted three bareboat newbuildings from Japan, at 3,500 cubic meters each, of which one will be delivered this September and the remaining two are set for delivery ahead of the summer next year, CEO Kim A. Kristensen tells ShippingWatch.

B-Gas currently operates an older fleet of nine owned and five chartered vessels, and the ships are reaching an age that is no longer attractive, built between 1991 and 1996. As such, the carrier is working full steam to develop a new structure for its fleet. According to Kim A. Kristensen B-Gas has been contacted by several shipowners looking to divest their vessels. This, however, does not constitute an obvious opportunity, and B-Gas is generally not interested in older tonnage that is far from on par with today's modern ships in terms of fuel consumption and efficiency, he says.

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