Greece’s Benelux Overseas is diversifying its LPG fleet with a $140m order in South Korea that will see it move into the midsize gas carrier segment.

The Kostas Angelou-controlled company has inked an order for two 40,000-cbm newbuildings at Hyundai Mipo Dockyard (HMD), shipbuilding industry sources said.

They said the order includes an option for an additional vessel.

Athens-based Benelux is said to be paying $46.7m