State-controlled Wanhua Chemical Group is in talks with Chinese shipbuilders about constructing a series of VLGC newbuildings.
Brokers said the company is seeking five or six VLGCs that it requires to transport LPG from Abu Dhabi.
The exact size of the newbuildings and the delivery dates required have still to be revealed, along with details of whether the eventual owning party for the ships wants to wants to use LPG fuelling.
