Japan’s Iino Kaiun Kaisha is the latest company to opt for LPG-fuelled VLGC newbuildings.
It is said to have booked an 84,000-cbm vessel at Kawasaki Heavy Industries (KHI) for delivery in the fourth quarter of 2021.
The deal reportedly includes one option, but the price has not been disclosed.
Industry players said Iino had ordered the vessel against a tender contract from Norwegian energy major Equinor.
