The 90,000 cu m vessels are scheduled for delivery across 2029 and 2030, according to shipbroking sources, marking the opening move in a broader fleet investment programme reportedly worth around $1.2bn.     HD Hyundai confirmed the contract in a regulatory filing, putting its value at KRW630.1bn ($470m), or approximately $117.5m per vessel.     The Korean shipbuilder identified the customer only as an Africa-based shipping company, but shipbroking sources have linked the deal to Mehrotra’s Foresight.     The latest move marks a shift towards newbuilding investment for the group, which has expanded its gas carrier business largely through secondhand purchases in recent years.     Foresight currently lists seven large LPG carriers in its fleet, including the Jagannath, Badrinath and Kedarnath, all built by Hyundai Heavy Industries.     The group has set its sights on building a fleet of 25 modern VLGCs by 2034, positioning itself for further expansion in the LPG sector and emerging ammonia trades.    

Founded by Mehrotra in 1984, Foresight has operated across a range of shipping segments over the past four decades, including crude and product tankers, bulk carriers and refrigerated vessels, before concentrating its shipping investments on large gas carriers.