LPG Carrier Quartet Postponed at Hyundai Mipo

Image Courtesy: Hyundai Mipo Dockyard

Ulsan-based shipbuilder Hyundai Mipo Dockyard has agreed to push the deliveries of four liquefied petroleum gas (LPG) carriers, the company said in a stock exchange filing.

The delivery of two LPG carriers, which were scheduled to join their owner in late March 2017, was pushed by four months. The newbuildings are now expected to be delivered in early August 2017. The ships were ordered in June 2014 for a price of KRW 106.7 billion. Following the agreement to delay the vessels, the contract price has been changed to KRW 107.2 billion for the duo.

Additionally, the shipbuilder informed that the remaining two carriers would be delivered some eight months later than initially agreed. Namely, the ships which were supposed to join their owner in late July 2017, would now be handed over in early April 2018. Hyundai Mipo said that the contract price has been modified to KRW 106.8 billion from the initially agreed KRW 106.3 billion for the LPG tanker duo ordered in August 2014.

The shipbuilder added that the quartet was ordered by an Oceania-registered shipowner, however, it did not disclose the name of the owner.

Data provided by VesselsValue indicates that the vessels in question could be owned by Greece-based StealthGas Inc, as the company has four 21,850 cbm LPG carriers on order at the shipyard.

World Maritime News contacted StealthGas for confirmation, however, the company is yet to reply.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >