Hyundai Vinashin Tied to USD 160 Mn Tanker Deals

Vietnam-based Hyundai-Vinashin Shipyard, a joint venture between Hyundai Heavy Industries and Vietnam Shipbuilding Industry Corporation, has reportedly secured five tanker orders over the past week from three Japanese shipowners.

Namely, Fukujin Kisen and Masumoto Shipping are linked to an order for two 50,000 DWT tankers at the yard respectively, a weekly report from Intermodal Research shows.

Fukujin Kisen already has three MR2 tankers on order at the yard, according to the data from VesselsValue.

Boasting 50,000 in DWT, two of the company’s MR2 newbuilds are scheduled for completion in 2018, and one in 2019.

Furthermore, a third Japanese shipping company, Hisamoto Kisen is said to have joined the ordering spree at Hyundai Vinashin booking a 50,000 DWT tanker.

Priced at USD 32 million each, the three newbuilds are slated for delivery in 2019, the report reads.

World Maritime News Staff

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