Author: Tronserve admin
Wednesday 28th July 2021 12:55 PM
Hyundai Heavy Industries Bags $122 Mn Deal to Build 2 Crude Carriers
South Korea’s Hyundai Heavy Industries Co. has secured a 150 billion won ($122.3 million) deal to build two crude carriers for a European shipper, the company announced on Thursday.
Under the deal, Hyundai Heavy Industries will build two 158,000-ton large crude carriers for a European shipping company – each 274 meters long, 48 meters wide, and 23.2 meters high. The vessels will be built at the company’s shipyard in the southeastern city of Ulsan, with an aim to deliver them by February 2022.
Hyundai Heavy Industries expects to win additional orders in the future from the shipper as the latest deal comes with the option for two more.
Hyundai Heavy Industries has built more than 1,600 tankers so far including crude carriers and petrochemical carriers since 1974 when it began building very large crude carriers for the first time in the country.
The shipbuilder has won orders for 22 vessels worth $1.4 billion so far this year, including three crude oil carriers, 15 petrochemical carriers, three liquefied petroleum gas carriers, and one special vessels. Hyundai Heavy Industries has set target to win $15.7 billion worth of orders this year, up 21 percent from last year.
Korean shipbuilders are hoping for a boon from Qatar after its energy minister said it plans to order up to 80 liquefied natural gas (LNG) vessels.