Pacific Gas (Hong Kong) Holdings Ltd. ('Pacific Gas') has strengthened its position in the VLEC (Very Large Ethane Carrier) management sector after securing a comprehensive ship management agreement with Minsheng Financial Leasing for two newbuild 99,000-cbm vessels. The deal, which covers construction supervision, commercial coordination, and technical management, underscores Pacific Gas's growing recognition as a trusted partner for financial shipowners. The company's proven expertise in VLEC operations and project execution played a key role in securing the contract, further enhancing its competitive edge in the gas shipping market.

This project marks Pacific Gas's first foray into full-scope third-party VLEC management, reflecting its strategic shift toward diversified service offerings. Upon delivery, the two newbuilds will bring Pacific Gas's VLEC fleet to 18 vessels, reinforcing its status as a leading player in ethane transportation, and solidifying its position as a key player in the gas shipping industry.

Designed to maximize cargo efficiency, the vessels measure 230 meters in length with a 36.6-meter beam and a 22.5-meter depth, achieving a record-breaking 99,000-cbm capacity within Houston Channel’s navigation limits. The industry-leading loading capacity positions them as top performers among operational VLECs.