Petredec adds two VLGCs at Hyundai Heavy Industries

LPG logistics provider Petredec has ordered two 78,700 cu m VLGCs with an additional two options at Korea’s Hyundai Heavy Industries as part of its fleet expansion plan.

The vessels are scheduled for delivered in the second and third quarters of 2017, and will bring the company’s owned fleet of VLGCs to 17 in total.

“Having the flexibility within our own program to transit either the old or the new Panama Canal gives our trading teams huge flexibility, as well providing our customers across Asia with continued reliable supply,” said Giles Fearn, ceo of Petredec.

Petredec ordered six VLGCs at Hyundai Heavy in 2014, with delivery of these vessels scheduled to start later this year.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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