Petredec Global is offloading an 11-year-old VLGC in a $71.5m deal to Siamgas & Petrochemicals, a leading LPG distributor in Thailand and East Asia.
Brokers in London and Athens reported the transaction involving the 82,000-cbm Manifesto (built 2013).
Petredec and Siam Gas have been approached for comment.
If the deal is confirmed, both parties have probably concluded it with fleet renewal in mind.
Petredec Global runs a fleet of 23 modern VLGCs, in which the Manifesto is one of the two oldest vessels.
Siamgas, by contrast, owns much older ships.
Either directly, or through its 58%-owned affiliate Siam Lucky Marine, the Thai group is listed with four VLGCs built between 1990 and 2001, alongside a fleet of about 20 small LPG carriers and a few product tankers.
According to VesselsValue, the last time Siamgas acquired a VLGC on the secondhand market was four years ago, when it spent $11m to buy the 30-year-old 78,500-cbm Berge Summit (built 1990), which is still trading in its fleet as Orlando 1.
Some brokers linked Siamgas last week to a separate VLGC purchase, that of the 78,900-cbm Bashundhara LPG Warrior (built 2005), which was reportedly sold by Bangladeshi interests for between $55m and $61m.
According to most sources, however, the Bashundhara LPG Warrior was picked up by unidentified Middle Eastern interests that are most likely based in the United Arab Emirates.
According to its website, Siamgas operates in its home country Thailand, as well as in China, Singapore, Malaysia and Vietnam.
It also sells LPG in bulk abroad under the Sggas, Singgas and Mygaz brands.
Petredec, a firm jointly held by the Fearn family and Saudi shipping giant Bahri, concentrates on VLGCs, while affiliate Fortitude Shipping focuses on smaller ethylene carriers.
Fortitude has 10 such ships on the water, built between 2016 and 2023, and has two more under construction in China due for delivery in 2026.
