Singapore-headquartered gas trading and transport company Petredec Holdings has entered into shipbuilding contracts with China’s Jiangnan Shipyard for the construction of up to six 93,000 cum LPG carriers with dual fuel LPG propulsion.

The three firm vessels will be delivered in January, March and May 2023 and the optional vessels within the second and third quarter of 2023.

This latest order follows Jiangnan Shipyard delivering four 84,000 cum VLGCs to Petredec earlier this year.

Petredec is currently the second largest VLGC owner in the world with a fleet of 21 VLGCs.