Brokers: Vitol Tied to Two More LPG Tankers at HHI

Dutch energy and commodity trading group Vitol has declared options for two liquefied petroleum gas (LPG) tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI), according to the latest report from Intermodal.

The 84,000 cbm gas carriers would be fitted with ballast water treatment systems and scrubbers to meet the International Maritime Organization’s sulphur cap set to come into effect 2020

According to the report, the newbuildings are slated for delivery in 2019. Nevertheless, the price details of the duo have not been disclosed.

When approached by World Maritime News for a statement on the report, Vitol did not want to comment.

In July this year, HHI was contracted by Vitol to build two 84,000 cbm LPG tankers with an option to build six more.

As reported earlier, the company was said to be paying a sum of USD 68 million per vessel.

Separately, on Monday, Hyundai said it won an order for five additional very large ore carriers from Polaris Shipping.

The order, worth USD 400 million, is an option being exercised as part of a contract signed on September 25, when Polaris ordered ten VLOCs of the same class from HHI.

Based on the shipbuilder’s latest estimate,  HHI Group’s shipbuilding affiliates have so far this year won new orders of 110 ships worth USD 6.7 billion, 90% of the USD 7.5 billion annual target.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 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 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >