Petredec Pte Ltd announced that its wholly owned subsidiary Fortitude Shipping Pte Ltd (“Fortitude”) is expanding its fleet with the addition of up to four ethane/ethylene-capable handy-size vessels with a carrying capacity of 24,000 cubic metres.
Fortitude has agreed a contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd. (“CIMC SOE”) for the construction of two handy-size 24,000 cbm vessels delivering in March and July 2026, with the option to build a further two units. The vessels will be built to Fortitude’s industry-leading specification with a higher cargo intake, a marked reduction in consumption and will be fitted with an exhaust gas cleaning system and a shaft generator. The order further reduces the average age of Fortitude’s ethane/ethylene-capable fleet that is already the youngest and most fuel-efficient within the sector.