Korea's Hyundai LNG Shipping (HLS) is expanding into the LPG sector with a new VLGC order at Hyundai Heavy Industries (HHI).
The company said the 84,600-cbm ship will be delivered in the third quarter of 2020.
It has a seven-year charter, plus options, lined up with a global energy company, it said.
The newbuilding contract has an optional ship attached.
HLS has a fleet of nine operational LNG carriers, built at either HHI or DSME.
Only its two DSME ships are recent deliveries though, having been handed over in 2017.
KyuBong Lee, CEO of HLS, said: “We are very grateful to build meaningful relationship with a respectable charterer through long-term contract and to build the ship at the world best shipping yard.
"All of our employees will do our best to provide best shipping solution which will meet the customer’s needs in a very safe and reliable operation.”
HLS started its first operations for Kogas 25 years ago and currently delivers about 28% of Korea’s imported volumes of FOB-contracted LNG.
"Based on its long operation know-how, the company maintains its appetite for further growth in global market," it said.
