Ravi Mehrotra returns to shipyards with $470m VLAC order

Ravi Mehrotra’s Foresight Group is returning to the newbuilding market after a decade-long absence, ordering four very large ammonia carriers (VLACs) at South Korea’s HD Hyundai Heavy Industries for $470m. The 90,000 cu m vessels are scheduled for delivery in 2029 and 2030.