Singapore-headquartered LPG specialist Petredec has formed a new 27-ship VLGC and trading company which it is preparing to list later in 2022.

The company announced it has set up Petredec Global and said it is “exploring the possibilities of a public listing”.

Sources said the plan is for Petredec Global to be listed on the Oslo exchange in September.

Jonathan Fancher, who has worked for Petredec since 2012, has been appointed chief executive of the new company.