South Korea: HMD Inks Construction Contract for 52.000 DWT MR Product Tanker

Scorpio Tankers Inc has inked a contract with Hyundai Mipo Dockyard Co., Ltd. of South Korea (HMD) to construct a 52,000 DWT MR product tanker. The Company signed a contract with HMD to construct a newbuilding for $36.0 million, which is the Company’s seventh 52,000 DWT MR product tanker newbuilding with HMD.

The seventh newbuilding is scheduled to be delivered to the Company in April 2013.

Hyundai Heavy Industries Co., Ltd, the world’s largest shipbuilding company is headquartered in Ulsan, South Korea. The company is a subsidiary of Hyundai Heavy Industries Group. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy. Hyundai Mipo Dockyard Co., Ltd, one of HHI’s subsidiaries, is a shipbuilder of medium-sized vessels such as product/chemical carrier, bulk carrier, container carrier, PCTC, Con/Ro-Ro vessel, LPG carrier, General Cargo Carrier, Asphalt Carrier, offshore units and specialized vessels.

Shipbuilding Tribune Staff, February 22, 2012; Image: hmd

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Posted on February 22, 2012