The brand-new vessel will certainly be for the exact same delivery line as the last 3 ships gotten in 2015, as well as it will certainly be outfitted with a desulfurization device that can travel through both brand-new as well as old Panama Canals as well as can likewise react to IMO 2020 SOx policies.

In enhancement, the line has actually remained to bring in market focus since it has an one-upmanship with the ability of delivering regarding 5% even more freight than the existing VLGC (75,000-80,000 CBM), which can travel through the old Panama Canal.

The business is going after a fleet development by providing a brand-new standard in the LPG transport market by supplying a relatively remarkable transport solution via the brand-new VLGC fleet.

Image Credits: hhi.co.kr

The agreement will certainly hold an overall of 15 LPG fleets (12 VLGCs as well as 3 MGCs) as well as will certainly come to be the globe’s fifth-largest LPG service provider.

The brand-new vessel is arranged to be provided in the 2nd quarter of 2021, as well as will certainly be taken into a long-lasting transport agreement with BGN Group, a European- based power business joined November 1, in 2015. Since in 2015, consisting of 1 ship for VILMAR OIL as well as 3 vessels for BGN Group, an overall of 4 brand-new VLGC lasting delivery agreements were authorized, as well as sales are anticipated to enhance to regarding W23bn per ship (total amount of W92bn).

The business authorities likewise stated, “We are still discussing additional shipping contracts and tenets with the charterers who are interested in the market.”

Reference: kssline.com