The VLGC newbuilding market is attracting strong investment interest at the turn of the year from trading and shipping companies alike.
Trader Vitol is the biggest mover, expanding its order at Hyundai Heavy Industries to up to 10 vessels, while Fortune Oil placed two orders, Japanese owner MOL inked one VLGC and Belgium’s Exmar signed up for two.
Low newbuilding prices in the sector are encouraging investment.
