It means the total contract could be worth $188m if it also exercises options for another pair, although Solvang is not commenting on the price.

The Norwegian company last Friday announced a letter of intent (LOI) for ethylene carriers, with delivery in the first and second quarter of 2019. The deadline for declaring the options is the end of March.

If the contract is confirmed, it will be the first LPG order for Hyundai Mipo in more than a year.

Solvang