Japan could create the world's largest VLGC player

Two Japanese LPG carriers are now discussing a possible collaboration on the major VLGC vessels. A merger between the two companies could create the world's biggest VLGC fleet.

Photo: Petredec

Japan's Astomos Energy Corp. has announced a new cooperation agreement with similarly Japanese Eneos Globe Corp. aimed at a potential merger of the two companies' gas fleets in a move that would a new giant in the booming product tanker market, reports Tradewinds on Friday.

A merger of the two companies would create a new major player with 30 VLGC ships in the already packed LPG market, where the biggest competitors include BW Gas, Dorian LPG, Avance Gas, Scorpio Tankers and Hafnia Tankers.

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