Low-profile Cido Shipping has booked two dual-fuelled, 91,000-cbm VLGC newbuildings worth $160m at South Korea’s Hyundai Heavy Industries.
The order brings Cido’s total spend on newbuildings at HHI to $837m since October last year — with contracts also marking its re-entry to the boxship market and expansion in the VLCC sector.
Industry sources familiar with the latest deal said Cido signed up for the pair of gas carriers early this month but the deal went unreported.
