Japanese shipowner Mitsui OSK Lines is being named as the shipowner behind a $500m order for three very large ethane carriers (VLECs) that has been announced by South Korea’s HD Korea Shipbuilding & Offshore Engineering Co (HD KSOE).

The yard group holding company said it had won an order to build three 98,000-cbm vessels at its HD Hyundai Heavy Industries yard in Ulsan, pricing the ships at around $167m each.