Ravi Mehrotra returns to shipyards with $470m VLAC order

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Foresight Group, linked to shipowner Ravi Mehrotra, is returning to the newbuilding market with an order for four very large ammonia carriers valued at about $470 million. The 90,000-cubic-meter vessels are being built by South Korea’s HD Hyundai Heavy Industries and are scheduled for delivery in 2029 and 2030.

Ravi Mehrotra’s Foresight Group is returning to the newbuilding market after a decade-long absence, with the London-based shipowner linked to a $470m order for four very large ammonia carriers (VLACs) at South Korea’s HD Hyundai Heavy Industries. The 90,000 cu m vessels are scheduled for delivery across 2029 and 2030, according to shipbroking sources, marking …