Energy company BGN has signed a contract with HD Hyundai Heavy Industries (HD HHI) for the construction of four additional 93,000 cubic metre (cbm) LPG dual-fuel very large gas carriers (VLGC). The agreement was signed at a ceremony in Istanbul last week. The vessels will be built in South Korea and are expected to be delivered in January 2030. Once delivered, the order will increase BGN’s owned LPG VLGC fleet from 19 to 23 vessels. The latest investment brings BGN’s total number of new dual-fuel VLGCs contracted with HD HHI in 2026 to 10 vessels, following agreements for four 90,000 […]

Maersk Tankers has announced it has named the second vessel in its new series of ten very large ammonia and gas carriers (VLAC/VLGCs), Jessie Mærsk. The naming was celebrated today (21 October) in Mokpo, South Korea. The vessels are designed to transport both LPG and ammonia, and with a dual-fuel engine retrofit option providing the flexibility to sail on clean ammonia in the future, Maersk Tankers said in a social media post today. ‘As the new vessels join our fleet, we are strengthening our position in gas shipping and creating new commercial opportunities for our customers and Maersk Tankers,’ the […]

Japan’s Mizuho Bank has arranged for a transition loan to finance IINO Lines’ acquisition of the LPG dual fuel LUMI AURORA very large gas carrier (VLGC) as part of the shipping company’s Green Transition Finance Framework. A transition loan is designed to fund corporate projects that contribute towards decarbonisation and a lower carbon economy. The Green Transition Finance Framework established by IINO Lines is structured around the Company’s transition strategy for its shipping business and is aligned with the Climate Transition Finance Handbook and Climate Transition Bond Guidelines published by the International Capital Market Association (ICMA), as well as the […]