Norway’s Solvang is behind an order for three VLGCs at Hyundai Heavy Industries in a deal estimated to be worth well in excess of $300m in total.

The privately-owned Oslo-based company is understood to be paying around $106m each for the ships that will be delivered from the South Korean shipyard by December 2026.

The LPG carriers have a capacity of 88,000 cbm each but have a traditional panamax beam to allow the ships to pass the old Panama Canal locks.