Four-ship order for Petredec in Japan


Singapore: Singapore’s Petredec has signed an order for four 11,000 cu m pressurized LPG vessels to be built in Japan. The vessels will be constructed at two yards, two units from Sasaki Shipbuilding and two from Kyokuyo Shipyard Corporation, with deliveries evenly spread through 2015. This order takes Petredec’s fleet of 11,000 cu m vessels to a total of six, adding to its existing units Keswick and Kendal.
Giles Fearn, Petredec’s chief executive said “We are extremely pleased to have completed this sizeable order for vessels that will be by far the best in class. The extra cargo capacity and superior speed and consumption, compared with the existing [large pressurized] fleet, gives Petredec a huge competitive advantage. With the continued and rapid expansion of LPG exports we see the 11,000 cu m’s as our pressurized workhorses.” [07/10/13]

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