Ethane carriers

[ombugge]

Ethane export from USGC to Asia, mainly Chine is spurring a glut of contracts for new ULECs from Chinese and Korean yards:

American Ethane Company closes in on bumper Chinese ethane carrier order -

Hopefully Trump’s trade war with China will not get in the way though.

BTW, American Ethane Company will be part owner and operator of these new ULECs. Any chance that they will put some of the ships under US flag?

[ombugge]

Reviving this little used thread with new development re: ULECs:

Eastern Pacific orders supersized ethane carriers - Splash247

The 274-m-long newbuilds, costing around $200m each, are backed by charter contracts from China’s Satellite Chemical, resembling the EPS’ entry into the ethane trades in 2020 with an initial order for four 98,000 cu m vessels to carry ethane from the US Gulf Coast to Asia for the same charterer.