Sources say the company is in the process of ordering two 78,000-cbm ships at Hyundai Heavy Industries (HHI) for $76m, with delivery scheduled for 2018. They have been fixed long term to energy major Shell, which had signed a letter of intent (LOI) for the vessels but the contract was taken over by Cardiff.
Shell has been tendering for two panamax very large gas carriers (VLGCs) to charter for five years, plus options.
