Korea Shipbuilding & Offshore Engineering (KSOE) has sealed orders for two VLGC newbuildings to be delivered by May 2026.

In a regulatory filing, the South Korean group said an “Oceanian” company has ordered the gas carriers, which will be built by Hyundai Heavy Industries — at one of the three shipyards under its control.

KSOE did not disclose the identity of the buyer but said the order is worth KRW 252.8bn