More orders for very large gas carriers (VLGC) are in prospect despite concerns that too many have already been contracted for the notoriously fragile market to cope with.
Much of the recent investment has focused on emerging players raising cash through the public markets but Asian traders are also keen to control their shipping requirements and secure their own tonnage.
One of the most ambitious in the sector is Japanese trader Astomos Energy Corp, which has a growing VLGC fleet and has just announced it plans to expand by another one-third.
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