An orders drought for very large gas carriers (VLGCs) that lasted more than a year has ended with up to five newbuildings booked at yards in China and Japan.
Singapore’s Petredec Holdings has ordered two 84,000-cbm VLGCs, plus two options, from Jiangnan Shipyard, while Kumiai Navigation has signed up for a 82,200-cbm ship at Kawasaki Heavy Industries (KHI).
Kumiai’s newbuilding will be built to the International Maritime Organization’s old Tier II standards but it will be equipped with an exhaust gas scrubber, ready for the upcoming low-sulphur emissions regulations in 2020.
