TGE Marine Bags New Contracts for LEG and LNG Carriers

During the last couple of weeks TGE Marine has obtained a number of new contracts for the engineering and delivery of gas handling systems and cargo tanks.

In September contracts were signed with Hyundai Mipo Dockyard (HMD) for the supply of gas plants as well as cargo tanks for 5 × 12,000 cbm LEG-carriers. The ships were ordered by Greek Eletson Group and will be delivered in 2015 and 2016. This is the first time that HMD has secured an order in the ethylene-carrier segment of the gas carrier market.

In August a further contract was signed with Xinle Shipyard and CSR for the supply of the gas handling system for a 30,000 cbm LNG-carrier to be constructed at the Xinle facilities in Ningbo. This is the third consecutive order for TGE Marine in China for the new generation of 30k-class LNG-carriers with type C cargo tanks.

In July and August TGE Marine was contracted by Jiangnan Shipyard to supply the gas handling systems and cargo tank packages for another 21,000 cbm LEG- as well as 2 × 22,000 cbm LPG-carriers for Navigator Gas. These new orders increase the total number of gas carrier references with Jiangnan to 28 units.

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Press Release, October 31, 2013

new contracts