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

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Russia Gives ExxonMobil More Time to Exit Sakhalin-1 Oil and Gas Project

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

US Pressure on India Could Propel Russia's Shadow Oil Exports

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Current News

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

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