Iino Kaiun Kaisha orders a DSME VLGC newbuild

Japan’s Iino Kaiun Kaisha has headed overseas for its latest ship order. The Tokyo-headquartered firm has signed with South Korea’s Daewoo Shipbuilding & Marine Engineering for one firm VLGC. The contract for the 91,000 cu m gas carrier comes with an option for one more ship.

No price has been revealed for the firm ship, which will be LPG-fuelled and has a delivery date of 2023.

VesselsValue data shows Iino Kaiun’s fleet today stands at 47 vessels, made up of a mix of gas carriers, tankers and bulkers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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