Singapore’s Eastern Pacific Shipping is making a big push in the VLGC segment with an order for four VLGC newbuildings worth more than $400m from China’s Jiangnan Shipyard.
The Idan Ofer-controlled company is joining a growing number of owners ordering dual-fuelled large gas carriers that can carry LPG and liquefied ammonia gas, or NH3, simultaneously.
Shipbuilding sources following the LPG market said with the quartet of 93,000-cbm newbuildings booked at Jiangnan, Eastern Pacific now has a total of eight VLGCs on its orderbook.
