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

Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

Aesen, DOC JV Targets Subsea Cable Logistics

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

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

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Current News

Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC

Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

Major Oil and Gas Projects Drive Strong OSV Demand in the Middle East

ABL to Support Platform Installations, Rig Moves for Chevron in Gulf of Thailand

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

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