South Korean gas and chemicals shipping company KSS Line has ordered one very large gas carrier (VLGC) from Hyundai Heavy Industries to service a seven-year charter contract signed on Sept. 4 with Japanese liquefied petroleum gas (LPG) importer Gyxis Corporation.

The 84,000cbm VLGC is priced at KRW91.4bn (US$76.7m), and is due for delivery by the end of March 2017.

Once delivered, the LPG carrier will start serving under the new 7-year, KRW165bn (US$138.5m) charter contract, scheduled to start after the delivery of the vessel.

KSS Line has one more 84,000cbm LPG carrier due for delivery in 2016, and two 38,000cbm LPG/ammonia carriers under construction at Hyundai Mipo Dockyard, to be delivered in 2017.

The carrier operator expects the four new ships, all already chartered for periods of between 5 and 10 years, to help the company hit KRW200bn (US$167.9m) annual revenue in 2018.

KSS Line booked KRW68.9bn (US$57.8m) revenue for the first six months of 2015.