You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence Asia/Pacific News Latest Features World Americas EMEA Asia/Pacific Home News & Features Asia / Pacific IINO Lines Secures Transition Loan for LPG Dual-Fuel VLGC IINO Lines Secures Transition Loan for LPG Dual-Fuel VLGC by Ship & Bunker News Team Friday October 2, 2026 Tweet Follow @shipandbunker The Japanese company has secured a transition loan from Mizuho Bank. File Image / Pixabay Japan -based IINO Lines has secured a transition loan from Mizuho Bank to finance the acquisition of an LPG dual-fuel very large gas carrier (VLGC). The loan will support the company’s investment in lower-carbon tonnage as part of its decarbonisation strategy, it said in a press release issued on Wednesday . The vessel, Lumi Aurora , will be equipped with an LPG dual-fuel propulsion system and has one of the largest cargo tank capacities among VLGCs, helping reduce fuel consumption per tonne of cargo transported. Using LPG as a marine fuel is also expected to reduce greenhouse gas emissions compared with conventional vessels powered solely by conventional marine fuels. LPG remains a niche marine fuel, with its use largely concentrated in the gas carrier segment. The global LPG-fuelled fleet is currently made up of 183 ships, with 165 more expected to join the fleet by 2030 , according to classification society DNV data. IINO Lines has set a target of achieving net-zero GHG emissions by 2050 under its FY2026-2030 medium-term management plan. The company said it will continue investing in low-carbon dual-fuel vessels as part of its decarbonisation strategy. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Viking Floats Out Second Hydrogen-Powered Cruise Shi