News

Fortitude announces fleet expansion

Fortitude announces fleet expansion

Petredec Pte Ltd (“Petredec”) is pleased to announce that its wholly owned subsidiary Fortitude Shipping Pte Ltd (“Fortitude”) is expanding its fleet with the addition of up to four ethane/ethylene-capable…

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Petredec Pte. Ltd. announces a change in its ownership structure

Petredec Pte. Ltd. announces a change in its ownership structure

Petredec Pte. Ltd. (the “Company”) announces a change in its ownership structure. Petredec Group Limited (“PGL”, formerly Haydock Holdings Limited) is a holding company incorporated and registered in the British…

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Petredec Divests Reunion business to Vivo Energy Reunion
Why LPG?

Petredec Divests Reunion business to Vivo Energy Reunion

Petredec Divests Reunion business to Vivo Energy Reunion Petredec Onshore, a subsidiary of Petredec Group, has concluded the sale of Petredec Reunion SAS to Vivo Energy Reunion, along with its…

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Petredec Global secures USD 315 million loan to finance its six dual-fuel VLGC newbuilds

Petredec Global secures USD 315 million loan to finance its six dual-fuel VLGC newbuilds

Petredec Global Pte Ltd (“Petredec Global”) is pleased to announce that it has secured a USD 315 million loan from a syndicate of international banks to finance six 93,000 cbm…

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Petregaz acquires LPG trucks and tankers from OneLogix

Petregaz acquires LPG trucks and tankers from OneLogix

Petregaz, a subsidiary of the Petredec Group, has concluded an agreement to acquire the 35 LPG trucks and tankers from OneLogix. The OneLogix Group will retain its other assets and…

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Petredec announces the formation of Petredec Global
saltram and kahyasi

Petredec announces the formation of Petredec Global

The Petredec Group is pleased to announce the formation of Petredec Global, comprising Petredec’s trading platform as well as our modern fleet of 27 VLGCs. Petredec Global is exploring the possibilities of a public listing and would be the world’s first fully integrated VLGC shipping and trading company listed on a stock exchange.

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Further acquisition completed in South Africa and new Convenience Store format rolls out
Petregaz - quest station

Further acquisition completed in South Africa and new Convenience Store format rolls out

Petredec, one of the world’s leading Liquefied Petroleum Gas (LPG) trading and shipping companies, continues its programme of onshore investments in South Africa with the acquisition of Vryheid Petroleum which joined its Petrefuel division at the end of 2021.

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March 9, 2021 Petredec to construct an additional three 93k cbm dual fuel LPG propulsion VLGCs
shahrastani

March 9, 2021 Petredec to construct an additional three 93k cbm dual fuel LPG propulsion VLGCs

Petredec holdings have exercised the option to construct an additional three 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard. This follows on from an announcement in early November 2020 for an initial order of three vessels.

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Petredec acquires Quest Petroleum in South Africa
Petredec acquires Quest Petroleum in South Africa

Petredec acquires Quest Petroleum in South Africa

Petredec is pleased to announce it has completed the acquisition of Quest Petroleum, a leading fuels distributor in the Eastern Cape, which will now become part of the Petrefuel Business Division in South Africa.

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Petredec joins WLPGA Industry Council
WLPGA

Petredec joins WLPGA Industry Council

Having supported the WLPGA and its work over several years as a member, Petredec, one of the World’s leading LPG Trading and shipping companies, is pleased to have been invited to join the association’s prestigious Industry Council (IC).

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We support the Neptune Declaration on Seafarer Wellbeing and Crew Change
Neptune Declaration

We support the Neptune Declaration on Seafarer Wellbeing and Crew Change

We are proud to announce Petredec are a signatory of the Neptune Declaration on Seafarer Wellbeing and Crew Change. Join us in our support of the world’s seafarers.

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