John Fredriksen's Avance Gas has contracted two more dual-fuel VLGC newbuildings in line with its emissions reduction targets.

The Oslo-listed company said the two 91,000-cbm ships will be delivered from Daewoo Shipbuilding & Marine Engineering in South Korea in the fourth quarter of next year and the first three months of 2023.

"The investment enhances the green profile of the Avance Gas fleet, allowing the company to take another important step towards decarbonisation while contributing to a greener shipping industry and achieving the targeted 40% reduction in emissions by 2030,"...