Chemicals giant Ineos has assembled what it claims is the world’s largest ethane carrier fleet through a newbuilding charter deal.

The UK company said it has agreed to long-term time agreements to operate two 99,000-cbm VLECs to be ordered by Japan’s Iino Lines at Hyundai Heavy Industries in South Korea.

This brings the Ineos ethane fleet to 18 ships — 10 VLECs and eight smaller Dragon-class units.