Q2 report 2017


Key Events:
  • Earnings from shipping activities at a loss of NOK 2.5 million.
  • Baltic LPG index in gradual decline throughout second quarter 2017.
  • Delivery of one Panamax VLGC from Hyundai Heavy Industries - "Clipper Freeport".
  • Start-up of the 10-year Panamax VLGC contract with Phillips66.
  • Total average technical off-hire per vessel of only 0.5 days in first half of 2017.
  • Continued strong HSE results with only 5 minor LTI in the last 9 years, and a LTIF of 0.24.

Complete report for 2nd quarter is found here.
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News Archive

Making Heavy Fuel Oil Clean

Exhaust gas recirculation (EGR) combined with previous measures reduces NOx emissions from heavy fuel oil by up to 80 % in a typical LPG tanker. The concept is a potential game changer for Norwegian domestic shipping.

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The greenest and most fuel efficient VLGC ever

clipper posh 1

Solvang’s new-builds (84k cbm) at Hyundai Heavy Industries are two of the most fuel efficient LPG carriers ever built, in addition they are some of the world’s largest ships for transporting liquefied petroleum gas.

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