Brokers: Hyundai Mipo Dockyard Bags Order for 7 Ships

Hyundai Mipo DockyardImage Courtesy: Hyundai Mipo Dockyard

South Korean shipbuilder Hyundai Mipo Dockyard, an affiliate of Hyundai Heavy Industries, has received orders for seven ships, according to broker reports.

Bank of Communications Financial Leasing (BoCom) has ordered three 50,000 dwt tankers from the yard, which will be chartered by Swiss Trafigura, data from Asiasis shows.

The ships are said to be slated for delivery in 2020, however, the financial details of the deal have not been disclosed.

Trafigura is yet to provide World Maritime News with a statement on the matter.

Separately, Turkish shipping company Yasa Holding has placed an order for four Medium range (MR) petrochemical tankers with Hyundai Mipo, Intermodal said in its weekly report. The 49,000 dwt ships are scheduled for completion in the second half of 2019.

Yasa Holding has eight Ultramax newbuildings on order at Chinese yards, four at COSCO Dalian and Jiangsu New Yangzijiang respectively, VesselsValue’s data shows.

HMD’s order influx comes in the wake of Kuwait Oil Tanker Company’s (KOTC) order for four product tankers from April. Under the USD 167.6 million deal, the delivery of the quartet is planned for 2020.

KOTC already ordered three LPG tankers from HHI in January this year.

World Maritime News Staff

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