Time Charter Agreements for newly built VLGCs

September 30th, 2015

Gyxis Corporation entered into three (3) time charter agreements of VLGCs(Very Large Gas Carrier) to be built in 2017 and 2018.

Currently Gyxis sells 3 million tons of LPG per annum in Japan and 1 million tons overseas pursuing a strategy of import and trade combined operations. In the mid-term management plan, Gyxis will expand its fleet portfolio to achieve 6 million tons of sales worldwide increasing overseas trading as well as domestic business in Japan.

Gyxis will continue to strengthen logistics capability in order to diversify supply sources, ensure stable and top-quality product supply, and minimize import cost of LPG into Japan in response to the commitment to our customers.

Overview of Time Charter Agreements

Time Charter with Kumiai Navigation

Ship Size 82,200 cubic meters type LPG carrier
Builder Kawasaki Heavy Industries, Kobe
Delivery 2Q, 2017

Time Charter with KSS Line (Korea)

Ship Size 84,000 cubic meters type LPG carrier
Builder Hyundai Heavy Industries, Busan
Delivery 2Q, 2017

Time Charter with K-Line

Ship Size 82,200 cubic meters type LPG carrier
Builder Kawasaki Heavy Industries, Sakaide
Delivery 4Q, 2018

【CONTACT】
GYXIS CORPORATION, LPG Trade & Supply Dept. TEL: +81-3-5484-5308