Petredec Holdings has ordered up to four VLGC newbuildings at China’s Jiangnan Shipyard (Group) Co, the company has confirmed.

The deal involves firm orders for two 84,000-cbm gas carriers plus options for two more. Financial terms were not disclosed.

Petredec said the two firm ships would be delivered in during the second and third quarters of 2019 and the optional vessels, if taken, would deliver later the same year

The Giles Fearn-led, Singapore-based shipowner said the newbuildings will increase its VLGC fleet to 21 vessels.