Greater Bay Gas takes 40% stake in JV with Navigator Holdings Hong Kong Maritime Hub 2023-01-18 10:29

US-listed Navigator Holdings has acquired a 17,000 cbm liquefied ethylene gas carrier Navigator Solar under a 60/40 joint venture with Hong Kong-incorporated Greater Bay Gas.
The joint venture has previously purchased a similar vessel in September 2022. A further three vessels, 22,000 cbm ethylene gas carriers, are expected to be acquired during this year. All five vessels will continue to be commercially managed under the Luna Pool collaboration arrangement, and technical management will be provided by the third-party technical manager, PG Shipmanagement Pte. Ltd. of Singapore.
Greater Bay Gas is a gaseous product logistic service provider based in the heart of the Shenzhen Greater Bay Area, China. It currently operates the fleet of five modern semi-pressurized and semi-refrigerated ethylene and ethane gas carriers that are expected to be acquired by the Joint Venture. It aims to develop its core business through global strategic partnerships to serve increasing demand for shipping and related logistics of gaseous product worldwide.
Greater Bay Gas Co. Ltd. (HK) was founded primarily by Equator Fund Limited, which is a maritime-focused fund, having its headquarters in the Municipality of Shenzhen, with offices in Hong Kong and Shanghai, China.

Source: The Hong Kong Maritime Hub

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:


Related Posts

COSCO SHIPPING Ports Announces 2022 Annual Results

COSCO SHIPPING Ports2023-03-31

China first CCUS! SMDERI expand cooperation with Shandong Huachen Financial Leasing

Xinde Marine News Vivian Xu2023-03-31

Experts talk green development at Boao

China Daily2023-03-31

Lithium-ion battery fires – industry guidance and conference address risks


Gard releases updated Guidance on Stowaways


Wärtsilä launches world-first radical derating solution for two-stroke engines