Evalend Shipping is expanding into a new sector, following other Greeks of late into LPG. With Hyundai Mipo Dockyard in South Korea for two 38,000 cu m LPG carriers for delivery from the fourth quarter of 2017. The contract comes with options for two more vessels. The ships are estimated to cost in excess of $50m each.
Hyundai Mipo has done well out of Greek owners latterly turning to LPG – Phoenix Energy Navigation being the other most recent Greek owner to plump for two ships of the same size as Evaland.
