MOL contracts very large gas carriers in South Korea

Japan’s Mitsui OSK Lines (MOL) has ordered two very large gas carriers (VLGCs) from Hanwha Ocean and HD Hyundai Heavy Industries in South Korea for delivery in the second half of 2027. The LPG dual-fuel newbuilds at Hanwha Ocean cost $118.5m each, while those at HD Hyundai Heavy are priced at $121m each. MOL is expanding its LPG and liquefied ammonia gas fleet to meet the increasing imports in Japan, with potential for more orders in the future.

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