Ravi Mehrotra's London-based Foresight Group has returned to the newbuilding market after a decade-long absence, 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 the opening phase of a broader fleet investment programme reportedly worth around $1.2bn. HD Hyundai confirmed the contract in a regulatory filing, valuing it at KRW630.1bn ($470m), equivalent to approximately $117.5m per vessel. The Korean shipbuilder identified the customer only as an Africa-based shipping company, but shipbroking sources have linked the order to Mehrotra's Foresight. The deal signals a shift toward newbuilding investment for the group, which has largely expanded its gas carrier fleet through secondhand purchases in recent years. Foresight currently operates seven large LPG carriers, including the Jagannath, Badrinath and Kedarnath, all built by Hyundai Heavy Industries. The company has set a target of building a fleet of 25 modern VLGCs by 2034, positioning itself for further growth in the LPG sector and emerging ammonia trades. Founded by Mehrotra in 1984, Foresight has operated across multiple shipping segments over the past four decades, including crude and product tankers, bulk carriers and refrigerated vessels, before concentrating its investments on large gas carriers.