Tianjin Southwest Maritime (TSM) has signed a VLGC order at Jiagnan Shipyard that will see the Chinese shipowner bring the value of its newbuildings above the $700m mark.
The Guangzhou-based shipowner has signed up for an LPG-fuelled, 93,000-cbm LPG carrier for delivery in August 2023. The deal includes an option for one additional vessel.
The price for the VLGC newbuilding is not disclosed.
