Trio of shipowners order next-generation VLGCs as ammonia-capable fleet expansion continues
- Three shipowners have placed orders for eight very large gas carriers at shipyards in South Korea and China
- HD Hyundai secured a contract for three 88,000 cu m VLGCs, while Hanwha Ocean won an order for three ships with ammonia-carrying capability from an undisclosed owner
- Emarat Maritime is expanding its fleet with two more VLACs at China’s Hengli
Newbuilding contracts reflect industry shift towards dual-purpose vessels able to transport both LPG and ammonia because of expectations of growing ammonia trade
