TMS Cardiff Gas orders LPG carriers

Economou George

TMS Cardiff Gas has ordered two 78,700-cbm LPG carriers from Hyundai Heavy Industries for $76m each, with options for two more.

The VLGCs are scheduled for delivery in the second and third quarters of 2017, when they will enter into timecharter contracts with Shell International Trading and Shipping.

“The vessels will be able to transit the new and old Panama Canal, providing for increased flexibility compared to the market’s current VLGC fleet and will be built to the highest industry specifications,” TMS Cardiff said in a statement.

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