69353
Hyundai Heavy Wins Vitol Tanker Contract
Hyundai Heavy Wins Vitol Tanker Contract

Hyundai Heavy Wins Vitol Tanker Contract

Hyundai Heavy Wins Vitol Tanker Contract

South Korea's Hyundai Heavy Industries has won a contract worth $600 million from Vitol, the world's largest independent oil trader, for as many as eight gas tankers. The world’s largest shipbuilder signed the contract on Sunday to construct two liquefied petroleum gas tankers with a capacity of 84,000 cubic meters each. The ships are expected to be delivered in the first half of 2019, Reuters reported. Vitol has the option to order six more tankers. Headquartered in Ulsan, South Korea, Hyundai Heavy has different business divisions, including shipbuilding, offshore and engineering. The shipyard extends across two and a half miles. Due to its strategic location, the shipyard can be easily accessed from and to the open sea. From 1972 to 2013, HHI has delivered 2,981 vessels to 268 ship-owners in 48 countries. It commands around 16% of the world's ship manufacturing market.

 

Short URL : https://goo.gl/HpPG8u
  1. https://goo.gl/jVeUeH
  • https://goo.gl/mz3FJw
  • https://goo.gl/gT3PK1
  • https://goo.gl/qsvEmS
  • https://goo.gl/HSSjPz

You can also read ...

Swap operations resumed earlier this month after a seven-year break.
Iran is ready to ramp up oil swap capacity after receiving the...
Iran is pinning hopes on the investment and know-how of foreign oil companies to enhance extraction rates.
The National Iranian Drilling Company has completed drilling...
Chinese Refinery Blaze Extinguished
A fire that broke out on Thursday at state oil major...
Citi Forecasts $40-60 Crude for Next 5 Years
Citibank's commodities research team has tempered its outlook...
Pertamina Reiterates Interest in Khuzestan Oilfields
The chief executive officer of Indonesia's state-owned oil and...
GE to Help Develop Biggest Wind Farm in Australia
GE has announced that it has entered into an agreement with...
Tavanir Urges Prudent Power Consumption
Hardwiring the culture of judicious electricity consumption in...
Major Gas Pipeline Launch in December
The construction of the 6th Iran Gas Trunkline (IGAT-6)–a...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus