Pavilion Energy to double LNG fleet with BW charters
Singapore
TEMASEK-OWNED Pavilion Energy has agreed to hire two newbuild liquefied natural gas carriers (LNGCs) from energy shipping giant BW group as it seeks to bolster its capacity on surges in demand seen in long-haul trades for the super-chilled fossil fuel.
This pair of LNGCs, to be built with engines boasting lower carbon footprints, are scheduled for delivery between 2019 and 2020 from South Korea's Daewoo Shipbuilding & Marine Engineering.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Venture posts lower Q1 net profit of S$60.1 million on weaker demand
YHI International COO and subsidiary charged with alleged failure to ensure employee safety, causing death
India's markets regulator puts seven Adani companies on notice for violations
Singapore stocks end week in red; STI down 0.1%
UK's FTSE 100 hits record highs on Anglo-American boost