Middle Eastern owner adds three gas carrier newbuilds

The Middle Eastern energy transport company joint venture ABGC DMCC purchased two 88,000-m³ carriers from South Korea’s Hyundai Samho Heavy Industry (HSHI) and a 86,700-m³ LPG/NH3 carrier from Japan’s Kawasaki Heavy Industries. These very large gas carriers (VLGCs) will all be LPG dual-fuel-powered and are due for delivery in Q4 2025 and Q1 2026.

The total contract price for the two 88,000-m³ VLGCs from HSHI was US$197M, according to a stock stock exchange filing.

"We believe LPG will be a key component of the global energy transition for years to come, and we are excited to work with Al Seer Marine on continuing the disciplined capital investment in our LPG fleet," said BGN chief executive Emin Imanov.

Overall, there are 127 LPG carriers, nine LPG ethane carriers, one LPG pressure vessel, four LPG/ammonia carriers and 10 LPG/ethylene carriers in the global orderbook as of mid-March, according to BRL Weekly Newbuilding Contracts.