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Trafigura Orders VLGC Duo from South Korea

Trafigura Orders VLGC Duo from South Korea
Commodities trading giant Trafigura is said to be behind a two-unit very large gas carrier (VLGC) order at South Korea’s Hyundai Samho Heavy Industries.

ommodities trading giant Trafigura is said to be behind a two-unit very large gas carrier (VLGC) order at South Korea’s Hyundai Samho Heavy Industries.

According to shipbrokers, Trafigura has ordered one firm and one optional 90,000 cbm LPG carrier.

The VLGCs have a reported value of around USD 82 million each and are to be delivered in 2021.

The vessel order follows Trafigura’s investment in a joint venture that would establish a global supplier of marine fuels. Set up with Norwegian dry bulk shipping company Golden Ocean and tanker shipping company Frontline, the JV is to start operations in the third quarter of 2019.

Frontline and Trafigura have also hammered out a deal that would see Frontline purchase ten 2019-built Suezmax tankers from Trafigura. All ten 158,000 dwt ships are fitted with exhaust gas cleaning systems and were built by Hyundai Samho Heavy Industries.

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