B-International Shipping & Logistics, a BGN company, has established a joint venture with HMM, South Korea’s largest national carrier, to expand the scope of liquefied petroleum gas (LPG) transportation operations. The new entity is called HMMB INT Shipping Pte. Ltd and is based in Singapore.
HMMB INT Shipping Pte. Ltd is equally funded by HMM and B-International Shipping & Logistics, each holding a 50 percent stake. The JV will operate two very large gas carriers (VLGCs) under a 10-year contract with the option to extend by five years. The energy and commodities trading strength of BGN Int DMCC ensures long-term operational stability.
“BGN is pleased to be in partnership with HMM, who bring operational excellence and expertise,” said Ozan Turgut, Director of Shipping, B-Shipping. “We share a mutual vision to decarbonize the maritime industry and our shipping operations. The delivery of these two vessels underlines BGN’s vision to sustainably grow our LPG business, expand our global reach, and add value for our customers, as we also contribute to the energy transition.”
Both VLGCs are under construction at HD Hyundai Heavy Industries and are scheduled for delivery in the first half of 2027.
“This joint venture marks a strategic move to actively respond to the growing demand for gas transportation and sets the stage for future collaboration in low-carbon and environmentally sustainable energy logistics,” an HMM official said.
