Japanese shipping company K Line has struck a deal to charter a dual-fuel VLGC newbuilding to LPG trading company Gyxis Corp for an undisclosed period.

The 86,700-cbm capacity vessel, which can run on LPG or conventional fuel oil, has been ordered at Kawasaki Heavy Industries for delivery in 2023.

K Line and Gyxis did not disclose the length of the charter or the price of the newbuilding.