Sabic said it is “capitalising on shale gas opportunities in the US by modifying its cracker at Teesside, UK, into a gas cracker.”
Three 36,000-cbm gas carrier newbuildings contracted at a total price of $243m by Norway’s Ocean Yield at Sinopacific Offshore & Engineering for delivery in second half 2016 are being linked to the business.
The vessels were originally billed as ethylene carriers when the order was announced in May but TradeWinds understands they are expected to be used primarily to ship Sabic’s ethane volumes into the UK.
Ocean
