South Korean shipbuilding large Hyundai Heavy Industries (HHI) Group has acquired an order for the development of two 300,000-ton very giant crude carriers (VLCCs). 

Image Courtesy: Hyundai Heavy Industries

The contract, value about ₩200 billion, was signed with unnamed European shipowners. 

The newly ordered ships will function a size of 330 metres and a width of 60 metres. They shall be constructed at HHI Ulsan shipyard and delivered to their house owners within the first half of 2022, the shipbuilder stated.

According to HHI, the tankers shall be geared up with scrubbers, complying with the International Maritime Organization’s (IMO) emission laws. 

This is the second crude oil provider order HHI gained up to now two weeks. On 7 May, HHI secured a ₩150 billion order for 2 158,000-ton crude carriers. The vessels shall be constructed additionally for an organization in Europe and delivered by mid-February 2022. 

Posted: 14 days ago


Hyundai Heavy wins order for two crude carriers

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  • Business developments & tasks
Posted: 14 days in the past

“In spite of the COVID-19 disaster, we succeeded in successful orders from European delivery corporations in succession,” an official from HHI commented. 

HHI is a shipbuilding unit of Korea Shipbuilding & Offshore Engineering Co, along with Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard. In the primary quarter of this yr, Korea Shipbuilding & Offshore Engineering Co posted a internet revenue of ₩1,64.9 billion up by 853.2 per cent yr over yr.

The put up Hyundai Heavy secures deal to construct two scrubber-fitted VLCCs appeared first on Offshore Energy.

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