Hyundai wins VLGC

Source:http://eshiptrading.com
2012.02.08
672

Hyundai Heavy Industries has landed the New Year's first newbuilding order.

Industry sources said on Feb. 1st that the world's largest shipbuilder was awarded a contract to build a 84,000㎥ LPG carrier from Indonesian state-owned Pertamina on January 26th.

Delivery is reportedly scheduled for the first half of 2014.

Back in October last year, Hyundai inked a contract to build a 84,000㎥ LPG carrier with the Indonesian oil company.

The vessel was the first very large gas carrier (VLGC) to be ordered by the Jakarta-based company. It is set for delivery in the fourth quarter of 2013 and sources said the price was between $79m and $80m, which appeared to be on the high side as Clarksons claimed it cost just $73m to order a VLGC at that time.

Then Pertamina has secured an option on a second vessel and now the option seems to have been exercised.

Meanwhile, Norwegian owner Solvang also ordered 84,000㎥ VLGC at the same South Korean shipyard in June last year for around $77m.

Recently, China's Taizhou Yuanyang Shipbuilding won an order for a 3,500-cbm LPG carrier newbuilding from.

The vessel is set for delivery in the fourth quarter of 2013 and is said to be costing $14-15m.


 

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