BGN and IINO Lines, Japan, Strengthen Strategic Partnership in LPG Shipping
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 ...
On September 14, 2026, BGN signed an agreement with IINO Lines, a Tokyo-based shipping company, to charter a new 90,000 cbm LPG Dual-Fuel Very Large Gas Carrier (VLGC). The vessel, to be built by HD Hyundai Heavy Industries in South Korea, is scheduled to be delivered by the end of December 2029. BGN aims to broaden and diversify its global energy and commodity trading operations to meet increasing demand.
This partnership underscores BGN's commitment to enhancing its global LPG maritime and logistics capabilities, which already consist of over 40 vessels, making it one of the largest shipping fleets in the sector. As a leading player in the global LPG market, BGN holds a significant 10% share of global LPG volumes and is the largest off-taker of LPG from the United States.
Masao Kawakami, an LPG Trader at BGN, expressed optimism about the partnership, stating that it will deepen the company's LPG shipping portfolio and open avenues for further collaboration in gas-related shipping and the broader energy transportation sector. BGN, a 6th largest independent energy and commodities trading group with over 80 years of experience in the energy sector, is dedicated to the growth of the LPG market and investing across the entire LPG value chain.
The company handles approximately 65 million metric tons of commodities annually and maintains strong partnerships with refineries, producers, state oil companies, and leading industrial and petro-chemical firms worldwide.
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