INEOS signs charter agreements with Pacific Gas for ethane carriers

Offshore staff

STATHELLE, Bamble — INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co. Ltd, have signed long-term time charter agreements for four 99,000-cm very large ethane carriers (VLECs). 

The deal will bring INEOS’ ethane fleet to 16 vessels, with eight VLECs and eight Dragon class ethane carriers. With these agreements, INEOS will have a total of six VLECs under time charter with Pacific Gas. 

Earlier this year, INEOS and Pacific Gas launched what it says is the two largest VLECs in the world: the Pacific INEOS Belstaff and Pacific INEOS Grenadier. 

The signing of the long-term time charter agreements for four 99,000-cm VLECs will take Pacific Gas’ ethane carrying capacity to the largest in the world, according to the company.

11.03.2022