A US energy logistics firm and Chinese petrochemical player plan to build an export terminal capable of handling very large ethane carriers (VLECs) along the US Gulf Coast.

The new terminal will be the third such facility in the US.

Ethane shipping, although still small relative to other seaborne gas trades, is growing. India's Reliance Industries has put six VLECs on the water as part of its deal to take 1.5