Norwegian VLGC pure-play owner Avance Gas has increased its newbuilding program at South Korea’s DSME from four to six 91,000 cbm VLGCs.
The additional pair, capable of using LPG as a fuel, are scheduled for delivery in the second half of 2023. Avance says the vessels will also be prepared for ammonia as a fuel as it positions itself for a zero-carbon fuel solution.
Avance Gas, whose largest shareholder is John Fredriksen via Hemen Holdings, currently has a fleet of 13 VLGCs on the water.
