New Mexican LPG shipowner emerges

Brokers report Mexican LPG specialists Empresas Nieto has taken the plunge and decided to become a shipowner. Via a trading arm subsidiary, the conglomerate has ordered a brace of 38,000 cu m LPG carriers at Hyundai Mipo Dockyard in South Korea. The ships will deliver in June and September next year.

Empresas Nieto is involved in most parts of the gas supply chain, from terminals, pipelines, storage, land transport as well as energy trading. The diverse group, with more than 6,000 employees, is also involved in real estate, tire sales and car distribution.

No price for the ships – a staple series design at Hyundai Mipo – has been revealed.

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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