Hyundai Heavy Sheds More Light on Tanker Order

Friday, May 8, 2020

South Korean shipbuilder Hyundai Heavy Industries has shared more details on its newly secured contract to build two crude oil carriers.

The company had on Thursday issued a brief statement on the Korea Exchange sharing it had won contracts to build two tankers for a European client. The order value is 149,8 billion South Korean Won, or $122,2 million.

In a subsequent release issued on Friday on its website, Hyundai Heavy said the orders were secured for two 158,000-ton crude carriers.

"This contract includes two option contracts, so we expect further orders," Hyundai Heavy Industries said, but, as with its first announcement, it did not reveal the name of the client.

It did, however, share the tankers' dimension. The crude carriers will be 274m long, 48m wide, and 23.2m high each.

They will be built at Hyundai Heavy Industries in Ulsan and will be delivered by the early 2022.

Categories: Shipbuilding Europe Crude Carrier

Related Stories

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran War Reshapes Global LNG Trade

Big Oil to Look Beyond Middle East as War Raises Risks

Oil Rises as Iran Denies US Talks, Supply Risks Persist

IEA Weighs Further Oil Stock Releases as War on Iran Continues

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Iran War Exposes Risks of Fossil Fuel Dependence

Oil Drops 7% After Trump Predicts War Could End Soon

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

GLO Marine to Invest $7M in New Vessel Retrofit Hub in Romania

Current News

OceanAlpha Shares USV Offerings at Oi26

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

Magazine

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com