South Korean shipping company HMM has signed an agreement with B International Shipping and Logistics of the BGN group of Dubai to set up the HMMB INT Shipping joint venture Pte. Ltd. based in Singapore which will take care of the transport of liquefied petroleum gas. The project provides that the new company operate two very large capacity gas carriers unit of 88,000 cubic metres under a contract of ten-year rental with an option to extend it by a further five years. Both VLGCs are under construction at the South Korean HD Hyundai Heavy Industries which will deliver them in the first half of 2027.

The BGN energy group moves around 14 million annually tonnes of liquefied petroleum gas and operates a fleet of over 40 ships for the transport of this product. For HMM the agreement with the Dubai group is part of the program for the return to the LPG ship market in which it operated with five units naval and from which he had left in 2016 to return in January of this year with the purchase of the Guadalupe Explorer ship of the capacity of 40,000 cubic meters and with the aim of expanding the fleet for the transport of liquefied petroleum gas and ammonia to 20 ships by 2030.