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Evergas

Evergas Management A/S is a Danish shipping company headquartered in Copenhagen, Denmark. Evergas provides worldwide shipping solutions for liquefied gas and is one of the world’s largest Ethane shipping companies.[1]

Fleet

Evergas owns a fleet of gas carriers, which serve the global maritime trade of liquefied natural gas (LNG), Ethane and liquefied petroleum gases (LPG).

In terms of fleet design, the company has a focus on modern propulsion and containment systems. The company was a first mover to use Ethane as a maritime fuel[2] and since then has used dual- and tri-fuel engine designs to decrease its environmental footprint by burning LNG or Ethane instead of heavy fuel oils. The company’s most recent technical development is the so called trilobe type C gas tank.[3] The company claims that this tank design increases containment capacity by 30 percent versus traditional tanks aboard ships of the same length. In 2020, Evergas controlled a fleet of 16 vessels, which can be categorized in three different classes.[4]

The company’s “Tiger Class” has six pressurized LPG carriers capable of carrying petrochemicals in their 5.000 cbm tanks. Their relatively small size makes them particularly well suited for short haul trades.

Eight semi-refrigerated multi-gas carriers make up the company’s “Dragon Class” fleet.[5]The 27.500 cbm vessels can carry Methane, LNG, Ethylene and Ethane, Propane, and Butane. With a total length overall (LOA) of 180 meters, the Dragon Class complies with Grangemouth lock size requirements. In comparison to other vessels of similar size, the Dragon Class stands out with its dual fuel engine.[iv]

Two very large ethane carriers (VLECs) comprise the company’s largest vessel class. The VLECs are compatible with Ethylene and Ethane as well as Propane and Butane cargos. [6]With 85.000 cbm capacity, these vessels are the largest purpose-built Ethane carriers currently under operations.[7] [8]Evergas took delivery of the first VLEC in 2019 and has since then demonstrated the ideal economics of the design in the US -China trade.[9]

Company Structure

Organization

Evergas has offices in Denmark, Singapore, France and China. Across the world, the company employs 550 people ashore and at sea.[10] [11]The company is managed by the chief operating officer, Steffen Jacobsen, who assumed his current position in 2015. Mr. Jacobsen previously headed the technical management at Maersk Tanker and between 2002 to 2005 led the technical management of Maersk Line’s Container Fleet.[12]

Departments

The organization’s activities are clustered into three pillars.

The fleet department ensures the functionality Evergas ships. Hereby, the maintenance of highest health, safety, quality and equipment (HSQE) standards is a primary concern, because compliance with standards set out by oil and gas majors are a ticket to trade.[13] To determine compliance, inspections such as SIRE are performed bu independent auditors on a regular basis.[14] The ship management team located in Singapore is responsible for safe operation of the fleet. This in-house technical management function monitors and maintains the vessels, costs and environmental sound operation standards, and ensures compliance with all international standards.[15]

The operations department oversees all aspects of the day-to-day operation of the fleet. That entails coordination with all relevant stakeholders in port, aboard the vessels and with customers.[16]

The commercial department focuses on development of new business opportunities in the Ethane, LNG and LPG market.[17] Evergas has been a first mover in the maritime transportation of Ethane. To offer comprehensive shipping solutions for the Ethane segment the company had developed Ethane propulsion systems together with Wärtsilä, a leading engine manufacturer.[18] In 2019, the commercial team together with its partners, made the import of US shale gas into China possible for the first time. [19]

Company History

Evergas can trace its roots back to the late 19th century. In 1883, Camillo Eitzen established the Eitzen Group, which operated steamships in its early days.[20] With the acquisition of KIL shipping in 2001, Eitzen became a gas shipping company and entered the gas market with its subsidiary, Eitzen Gas.[21] In 2004, Eitzen Gas expands its gas fleet by buying the company Gibson gas.[22] In the same year Eitzen Gas entered the Ethylene segment through the acquisition of Bergensen’s Igloo gas fleet.[23] In 2006, Eitzen formed a joint venture with Norgas called the Eitzen Norgas Carrier Pool.[24] Three years later, Eitzen established a joint venture with Solvang Ethylene.[25] By then, Eitzen had become a full-fledged gas ship owner. Since 2011, the company, formerly known as Eitzen Gas, has been re-branded to Evergas and operates as a standalone entity.[26]Today, Evergas is owned by Jaccar Holdings.[27]

References

  1. ↑ Who We Are. In: Evergas. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  2. ↑ Evergas adds ethane capacity | TradeWinds. Abgerufen am 27. März 2020 (englisch).
  3. ↑ DNV GL Gas Carrier Update issue 2017. Abgerufen am 27. März 2020 (englisch).
  4. ↑ Evergas sells its ethylene fleet: "Enough is enough". 7. Januar 2019, abgerufen am 27. März 2020 (englisch).
  5. ↑ Evergas named its eight LNG-fueled carrier | Hellenic Shipping News Worldwide. Abgerufen am 27. März 2020.
  6. ↑ Evergas delivers dual-fueled VLEC to Ineos. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  7. ↑ Evergas launches the largest ethane carrier in the world. Abgerufen am 27. März 2020 (englisch).
  8. ↑ Evergas first off the mark with ethane carriers. Abgerufen am 27. März 2020 (englisch).
  9. ↑ Rhys Berry: GLOBAL: Launch of Evergas’ 85,000 cbm-capacity VLEC in China. Abgerufen am 27. März 2020 (britisches Englisch).
  10. ↑ Members of Danish Shipowners' Association - Danske Rederier. Abgerufen am 27. März 2020.
  11. ↑ Shipowners Archives. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  12. ↑ Jacobsen in at Evergas | TradeWinds. Abgerufen am 27. März 2020 (englisch).
  13. ↑ Compliance and Enforcement in Oil and Gas. Abgerufen am 27. März 2020.
  14. ↑ About SIRE. Abgerufen am 27. März 2020 (englisch).
  15. ↑ Ship Management. In: Evergas. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  16. ↑ Operations. In: Evergas. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  17. ↑ Sofie Rud: Nye grønne millionkontrakter til tre danske rederier i USA. 5. Oktober 2016, abgerufen am 27. März 2020.
  18. ↑ Dragons for wealth and success in gas transportation. Abgerufen am 27. März 2020.
  19. ↑ INEOS to Ship US Ethane to China in 2019. 21. November 2017, abgerufen am 27. März 2020 (englisch).
  20. ↑ Evergas enjoys rising demand for liquefied gaseous fuels. 30. Juni 2017, abgerufen am 27. März 2020 (englisch).
  21. ↑ Knud I. Larsen lukkede med en gæld på knap 1 mia. kr. Abgerufen am 27. März 2020.
  22. ↑ Eitzen buys Gibson stock | TradeWinds. Abgerufen am 27. März 2020 (englisch).
  23. ↑ Eitzen taking seven small Bergesen gas carriers | TradeWinds. Abgerufen am 27. März 2020 (englisch).
  24. ↑ Sigas Margrethe is first of five Queen-class ships for Eitzen. Abgerufen am 27. März 2020 (englisch).
  25. ↑ History. In: Solvang. Abgerufen am 27. März 2020 (amerikanisches Englisch).
  26. ↑ "I had no vessels, no activity and no money. I went from 7,400 employees to one". In: Shipping Watch. Shipping Watch, 18. Juni 2018, abgerufen am 27. März 2020 (englisch).
  27. ↑ Evergas in big fleet upgrade | TradeWinds. Abgerufen am 27. März 2020 (englisch).

Kategorie:Maritime Wirtschaft

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