South Korea’s Hyundai LNG Shipping has jumped into the VLGC segment by landing a long-term charter with a domestic LPG-importing company.

Industry sources said E1 is the charterer behind the shipowner's order for a 84,600-cbm gas tanker at Hyundai Heavy Industries. The LPG importer has fixed the VLGC for seven years, plus options, but the charter rate has not been disclosed.