On September 14th 2026, BGN signed a partnership with IINO KAISHA LTD, Tokyo (IINO Lines) for the time charter of a new 90,000 cbm LPG Dual-Fuel Very Large Gas Carrier (VLGC).
The carrier which is to be constructed by HD Hyundai Heavy Industries in Korea, is expected to be delivered by the end of December 2029.
BGN has a strategic vision to expand and diversify its global energy and commodity trading business to meet growing demand. This partnership further demonstrates BGN’s commitment to expanding its global LPG maritime and logistics operations, which with more than 40 vessels – is already one of the largest shipping fleets in the sector.
As a major player in the global LPG market, BGN is the largest off-taker of LPG from the US and holds around 10% share of global LPG volumes.
Masao Kawakami LPG Trader at BGN said: “We regard IINO Lines as an important long-term partner in the development of our LPG shipping portfolio and are pleased to further strengthen our relationship. With BGN’s owned fleet of Very Large LPG Gas Carriers (VLGC’s) continuing to grow, we see opportunities to build on our cooperation in the sector while exploring new areas of collaboration across gas-related shipping and the wider energy transportation market.”
Through collaboration and partnerships, BGN is dedicated to the continued growth of the LPG market and to investing across the full LPG value chain.
BGN is the 6th largest independent energy and commodities trading group and a leader in transition fuels and cleaner energies. With over 8 decades experience in the energy sector, we trade, distribute, store and finance energy solutions globally, handling approximately 65 million metric tons of commodities annually. BGN is present throughout the energy value chain, having established strong partnerships with refineries, producers, state oil companies and leading industrial and petro-chemical companies.
Source: BGN
