Nieto Trading signs for HD Hyundai Mipo LPG carrier brace
Nieto Trading Orders Two New LPG Carriers
Nieto Trading, part of the Mexican Nieto Group, has finalized a significant order for two new LPG carriers at South Korea’s HD Hyundai Mipo shipyard. This deal, valued at approximately $163 million, includes the construction of 45,000 cubic meter vessels set to be delivered by the end of July 2027. This marks Nieto’s continued investment in shipbuilding, as it returns to the Ulsan-based yard following a successful collaboration in 2021.
Details of the Newbuilding Order
The recent order by Nieto Trading underscores its commitment to expanding its fleet of liquefied petroleum gas (LPG) carriers. According to shipbuilding sources, the deal encompasses two state-of-the-art vessels, each with a capacity of 45,000 cubic meters. The total investment of around $163 million highlights the strategic move by Nieto Trading to enhance its operational capabilities in the LPG sector.
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Delivery of these new carriers is scheduled for the end of July 2027, allowing ample time for construction and quality assurance. This initiative is a continuation of Nieto Trading’s relationship with HD Hyundai Mipo, a prominent shipbuilder known for its innovative designs and efficient production processes. Nieto Trading previously collaborated with the shipyard in 2021, when it received two 38,000 cubic meter gas carriers. This latest order signifies Nieto’s ongoing trust in HD Hyundai Mipo’s expertise and reliability in the shipbuilding industry.
With the global demand for LPG on the rise, the addition of these new vessels is poised to strengthen Nieto Trading’s position in the market, enabling the company to meet growing customer needs and enhance its logistical capabilities. The strategic timing of this order aligns with industry trends, positioning Nieto Trading for future growth and expansion in the competitive energy sector.