Kumiai Navigation’s has secured employment for a VLGC newbuilding in a $54m deal that will see Japan's Astomos Energy charter what is believed to be its first LPG-fuelled vessel.
The Singapore-based shipping company has fixed out the 84,000-cbm newbuilding, which is under construction at Kawasaki Heavy Industries (KHI), to Astomos for five years.
The charterer is to pay close to $900,000 per month.
