The company has turned to Hyundai Mipo Dockyard in Korea for a pairof midsize LPG vessels at a cost of $51m apiece, it said today.

Discussions with potential partners for combined ship managementand equity participation are underway though Yara aims to hold on to majoritystakes in the vessels, it added.

TradeWinds broke the news two weeks ago that a deal for38,000-cbm ships for delivery in 2016 was on the cards.