Singapore-headquartered shipowner Petredec is setting up a new UK-based arm that will focus on handysize LPG carrier tonnage.

Fortitude Shipping, which will be based in London, will have control over 11 LPG carriers in the 21,000-cbm to 22,500-cbm size range.

Petredec said Fortitude’s fleet will comprise eight modern ethane/ethylene-capable vessels, two semi-refrigerated vessels and one fully refrigerated ship with an average age of four years.