Wisdom Marine orders LPG carrier in Japan

Taiwanese shipping company Wisdom Marine Lines has decided to expand its fleet with a new liquefied petroleum gas (LPG) carrier.

On 30 October 2020, the company’s board of directors approved the order of a 5,000 cbm vessel.

As informed, the LPG carrier will be built by Murakami Hide Shipbuilding in Japan.

Wisdom Marine will pay JPY 1.88 billion ($17.9 million) for the newbuild.

Earlier this year, the shipping company embarked upon a cash-raising mission with an aim to collect $63.8 million. Wisdom said it would use the funds for planned ship acquisitions.

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Wisdom Marine’s fleet comprises more than 130 vessels, with the majority of them being bulkers. The company owns one LPG carrier, Joseph Wisdom, built at Murakami Hide in 2018.