Petredec is pleased to announce the formation of a new company within the Group, Fortitude Shipping Ltd, based in London, UK. Fortitude will take over Petredec’s eleven handy-size LPG carriers (21,000- 22,500cbm), comprising eight modern Ethane/Ethylene-capable vessels, two semi-refrigerated vessels and one fully refrigerated ship. With an average age of four years, Fortitude’s fleet is the youngest and most fuel-efficient within the sector.
Focused on the transportation of Ethane, Olefins and Ammonia in addition to the Group’s core LPG trade, Fortitude Shipping is well positioned to benefit from the emerging transition to cleaner propulsion fuels. While operating independently, the new company will continue to build on the Petredec Group’s established foundations of safety, integrity, consistency and reliability in moving our clients’ cargoes.