Exmar LPG has struck a newbuilding deal with Hyundai Mipo Dockyard (HMD) for up to four 46,000-cbm midsize gas carrier (MGC) newbuildings.

The order is for two firm vessels plus options for an additional pair of ships.

Jens Ismar, executive director of Exmar, confirmed the deal at the South Korean shipyard, adding that the firm newbuildings would be LPG dual-fuelled vessels.