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.