South Korean yard Hyundai Heavy Industries has organized a steel cutting ceremony for a very large gas carrier ordered by compatriot LPG and chemical shipping company KSS Line.

The 84,000cbm LPG carrier is due for delivery in 2016, and is assigned on a seven-year-plus time-charter with Japanese trader Itochu.

Back in February, KSS Line inked a financing deal with Korea Development Bank for the construction of this VLGC.

KSS Line has two more 38,000cbm LPG/ammonia carriers under construction at Hyundai Mipo Dockyard, slated for delivery in 2017.

With these three newbuilds, KSS Line will own and operate a fleet of 15 gas carriers, 6 chemical, and 4 LNG carriers.