Eastern Ocean Tankers entered into the as sector in 2012 with the operation of an LPG tanker and later with the operation of an LNG tanker with the idea to develop further in both LNG and LPG sectors. LNG and LPG Carriers (Liquefied Gas carriers) are specialized vessels that are used to transport Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) under controlled temperature and pressure. Today there are approximately 1100 such types of ships at sea, through out the world.
LNG is predominantly made up of methane. It is a colourless, clear fluid with no odour. It is carried at atmospheric pressure and at a temperature of -160º C. It is carried as a liquid in order to maximise the carrying capacity of the ship. LNG expands approximately 600 times when changing from liquid to gas. LNG carried as a liquid must either be stored under pressure or very cold. It can be either heavy or light, depending on its heat content.
LPG is predominantly made up of propane and butane. It is also a colourless, clear fluid with no odour. It is carried either at these gases’ boiling point temperatures of -42.3º C (propane) and -0.5º C (butane), or under pressure at ambient temperature.
Eastern Ocean Tankers (EOT) intend to grow further within this sector over the next decade in order to continue to meet client demands.