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The Korea Herald
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THE INVESTOR
April 23, 2024

Industrials

Hyundai Heavy secures deal to build 2 oil tankers

  • PUBLISHED :February 21, 2017 - 11:06
  • UPDATED :February 21, 2017 - 11:06
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[THE INVESTOR] Hyundai Heavy Industries, the world’s largest shipbuilding company, has secured an order to build two oil tankers, industry sources said on Feb. 21.

According to the sources, under the deal with a Greek shipowner, Hyundai Heavy will build two very large crude carriers with 320,000 deadweight tonnage by the end of 2018. The value of the deal and other terms were not revealed, but an oil tanker with such a capacity is roughly priced at US$82 million.

Earlier this month, Hyundai Heavy has also secured a deal from a Turkish consortium to build a floating storage regasification unit. In January alone, Hyundai Heavy clinched orders valued at $390 million to build three ships.

(theinvestor@heraldcorp.com)

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