Eletson Gas, a joint venture between Greece’s Eletson Corp and Blackstone Group, appears to have binned the biggest part of its order for 22,000-cbm gas carriers at troubled Sinopacific Offshore & Engineering (SOE).

The company was known to have had five ethylene-capable semi-refrigerated vessels under construction at the Chinese shipbuilder’s Nantong yard for delivery in 2016 and 2017. The order for an initial two firm units was placed in 2014, with options for the rest declared later.

However,