Zhejiang Satellite Petrochemical (STL) is said to be on the hunt for another six very large ethane carrier newbuildings as it looks to expand a major project in China.

The Chinese company needs the ships for a planned second phase of an ethane cracker and terminal under construction in the Jiangsu province city of Lianyungang, industry sources said.

Talks with yards

STL is said to be holding talks with shipyards in South Korea to meet the newbuildings requirements, the sources said.