Hyundai LNG Shipping has added two VLGC newbuildings to its orderbook, lifting its investment in new ships in April to almost $1.433bn.

The fresh order follows deals for two VLGCs and three LNG carriers, with options for three more vessels, worth in total $1.27bn.

In a regulatory filing to the Korea Stock Exchange, Daewoo Shipbuilding & Marine Engineering confirmed it is slated to deliver the 94,000-cbm ships to Hyundai LNG by the fourth quarter of 2023.