Hong Kong-headquartered Cido Shipping has jumped on the very large ammonia carrier trend with a $250m investment in newbuildings.
The shipping tonnage provider is being named as the buyer behind an order for two VLACs placed in South Korea.
HD Korea Shipbuilding & Offshore Engineering — the holding company for HD Hyundai Group yards — said on Tuesday that it had inked a contract to build two VLACs.
