Pertamina International Shipping (PIS) lines up handysize dual-fuel LPG tanker orders at Hyundai Mipo Dockyard.

Indonesian tanker giant has added two handysize LPG tankers to the large tally of newbuildings it has on order.

The company ordered the construction of two vessels to be built at Hyundai Mipo after the signing of a contract for the construction of 15 medium range (MR) tankers in Korea last January.

The plan is these two new handysize vessels, each with a capacity of 23 thousand cubic meters, to be completed in May and October 2026 and to be utilized for the transportation of LPG commodities and transport ammonia.

The signing of the tanker construction took place on February 22, in Nusa Dua, Bali with the presence of the PIS chief executive Yoki Firnandi and the presence of the president and COO of HD Hyundai Group, Park Seong Yong.

To remind, HD Hyundai Group is the parent company of Hyundai Mipo Dockyard.

According to Yoki Firnandi, PIS has a business growth target of an average of 11% per year and in the next 10 years could achieve revenue of up to $9bln or three times the current figure.

“Therefore, we are very aggressive in expanding and adding fleets both with the construction of new ships and the purchase of existing ships.”

The aim of Pertamina is to achieve the net-zero 2060 target and these two vessels line “with PIS’s commitment to support ESG and decarbonization by increasing the proportion of environmentally friendly energy transport ships,” as the PIS chief executive explained.