Petredec adds six VLGCs at Hyundai

Due for delivery from late 2015, the latest order adds to the four VLGCs already on order at HHI and two outstanding options with the Korean shipbuilder.

The company also ordered four LPG carriers at Japanese yards in October last year.

"Shipowning is an integral part of Petredec's role as the LPG logistics leader, and to work alongside one of the world's largest oil majors is an important milestone in the company's history." commented Petredec chief executive Giles Fearn.

"We have been actively expanding and rejuvenating our fleet as part of our overall business investment program. The addition of these six units makes Petredec one of the largest owners and operators of VLGCs globally and underlines our confidence in the sector."