Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Petredec orders four LPG carriers at two Japanese yards

Petredec orders four LPG carriers at two Japanese yards
Petredec is continuing to expand its fleet of LPG carriers with an order for four 11,000 cu m vessels at two Japanese yards.

Singapore-headquartered Petredec said it had ordered two 11,000 cu m LPG carriers from Sasaki Shipbuilding and two from Kyokuyo Shipyard Corporation. The vessel deliveries are spread throughout 2015.

These vessels are fitted with Man B&W’s ME main engines and the hull form has been optimised for the vessel’s intended trading areas, which Petredec said allowed for a significant increase in cargo carrying capacity.

“The extra cargo capacity and superior speed and consumption, compared with the existing (large Pressurized) fleet, gives Petredec a huge competitive advantage,” said Giles Fearn, chief executive of Petredec.

The newbuildings will increase Petredec’s fleet of 11,000 cu m LPG vessels to six.

Earlier this year the company ordered three firm plus three options for 84,000 cu m VLGC newbuildings at Hyundai Heavy Industries (HHI).