Cido reverses course on VLACs with suezmax newbuild switch

Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for a pair of 88,000 cu m VLACs into two …