Dubai-based BGN has ordered four new dual-fuel very large gas carriers (VLGCs) to expand its liquefied petroleum gas (LPG) fleet.
HD Hyundai Heavy Industries will build the four vessels in South Korea, with delivery scheduled by 2029. Each ship will have a cargo capacity of 90,000 cbm.
The new VLGCs are designed to operate on both conventional fuels and lower-emission alternatives. They will also be capable of carrying cleaner fuels such as ammonia and are intended to meet current environmental standards.
Ozan Turgut, Shipping Director at BGN, said the vessels are built to serve the rising demand for cleaner fuels while complying with stricter environmental requirements. He added that the investment supports the company’s long-term commercial position, underlines its commitment to business growth, and contributes to wider decarbonization efforts.
The order follows BGN’s recent long-term liquefied natural gas carrier (LNGC) charter agreement with an affiliate of Capital Clean Energy Carriers. The deal covers a ten-year charter period, with an option to extend by a further six years, and marks BGN’s first long-term ownership of an LNG vessel.
