A Hong Kong-based energy company has joined the VLGC business by placing an order for newbuildings at a Chinese yard.

Shipping sources say Fortune Oil has booked a pair of 84,000-cbm LPG carriers at state-owned Jiangnan Shipyard in a deal worth about $136m. The contract does not include options.

Investors’ strong interest in VLGC newbuildings
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TradeWinds is told that Fortune Oil is paying about $68m for each vessel.