BGN Orders Two More VLGCs from HD Hyundai Heavy Industries in South Korea for 2029 Delivery
2026-06-08 09:12
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en.Wedoany.com Reported - Energy trader BGN has returned to the South Korean market, ordering two dual-fuel very large gas carriers (VLGCs) from HD Hyundai Heavy Industries, with delivery expected in 2029. Each of these new vessels has a capacity of 93,000 cubic meters and will join BGN's owned LPG fleet, bringing the company's total number of owned LPG ships to 19.

This order comes just weeks after BGN announced the construction of four 90,000-cubic-meter dual-fuel VLGCs at the same shipyard, reflecting the company's clear intention to expand its LPG shipping business. Including the latest two vessels, BGN has now ordered a total of six new VLGCs from HD Hyundai Heavy Industries this year, steadily building one of the largest controlled fleets among independent energy and commodity trading companies.

Hyundai

These ships can operate on both conventional fuels and low-emission alternative fuels, and in addition to transporting LPG cargoes, they are also capable of carrying ammonia, providing the company with operational flexibility as demand for alternative fuels evolves. BGN's Shipping Director, Ozan Turgut, stated that the contract is based on a long-term partnership with the Korean shipyard. He noted that BGN maintains a strong and enduring relationship with HD Hyundai Heavy Industries, has confidence in the quality and capability of its technologically advanced dual-fuel LPG VLGCs, and is pleased to add two more vessels to its rapidly growing fleet.

The new order is a strategic component of BGN's expansion in the transition fuels sector, particularly LPG and LNG, while also enhancing control over cargo capacity. The company currently operates approximately 40 owned and chartered vessels across multiple shipping segments.

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