Hyundai Heavy to Build VLGC Duo for Latsco

Shippingllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

South Korea’s Hyundai Heavy Industries has clinched an order for two very large gas carriers (VLGCs) from a Greek owner.

According to data provided by Asiasis, the shipbuilder signed an agreement to construct the 80,000 cbm units with  the operator of product tankers and LPG carriers, Consolidated Marine Management (CMM).

CMM, acting as technical managers for shipping company Latsco (London) Ltd, is reportedly paying some USD 73 million per unit.

Under the deal, unveiled on October 22, Hyundai Heavy Industries is scheduled to deliver the very large gas carriers in 2020.

Once delivered, the newbuildings will become a part of CMM’s fleet of 27 vessels, comprising seven VLGCs, two LGCs, three Aframax tankers, two product carriers and 13 oil/chemical tankers.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
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 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >