Brokers: Hyundai On a Roll

Business & Finance

Shipbuilding companies working under the umbrella of the Hyundai Heavy Industries Group have wrapped up a very busy week having secured orders for ten newbuildings, broker reports show.

Hyundai Heavy Industries has won orders for four ships, two tankers and two ultra large boxships.

Namely, South Korean H-Line Shipping is reported to have ordered two 300,000 dwt tankers for USD 85 million each.

The Tier III ships, slated for delivery in 2019, are said to be intended for a time-charter with GS Caltex, according to Intermodal.

Danish Maersk Line has lifted options for two 15, 226 TEU ULCVs at HHI which are also set for delivery in 2019.

In addition, Hyundai Samho Heavy Industries is said to have received orders for two Tier III 319, 000 tankers from compatriot shipping line Sinokor Merchant Marine. The order has been tied to an option under an existing contract.

The ships are worth USD 83.5 million apiece and will be delivered in 2019, according to Intermodal.

The company was not available for comment when approached by World Maritime News.

Finally, Hyundai Mipo Dockyard has been linked to orders for four 1,800 TEU containerships from an undisclosed Japanese shipping company, data from Asiasis shows. The feeders are scheduled for delivery in 2019.

World Maritime News Staff