The Helios LPG Pool has signed an agreement to operate eight VLGCs for Oriental Energy, one of China’s largest operators of propane dehydrogenation plant (PDH) operators and LPG importers.
The pool, which is jointly operated by Dorian LPG and Phoenix Tankers, has also signed a contract of affreightment (COA) to carry shipments of LPG for Oriental Energy from the US Gulf. No further information was disclosed about the number of shipments, duration or cargo volume comprised in the COA.
“The Helios Pool will increase its market presence by a substantial number of ships and operate a significant cargo system for one of the largest PDH operators and importers of LPG to China,” said John Hadjipateras, CEO and chairman of Dorian LPG, said in a statement.
“I am a strong believer in the potential of LPG as a fuel which can provide efficient clean energy and am very happy to have contracted with one of the most substantial and significant companies in the field of LPG.”
The Helios Pool comprises 18 VLGCs, each with cargo capacity of around 84,000 cbm.