Brokers: Kyklades Maritime Adds 2 More VLCCs to the Tally

Business & Finance

Greek owner Kyklades Maritime has reportedly placed an order for two very large crude carriers with South Korean Hyundai Heavy Industries (HHI).

Illustration; Image Courtesy: Kyklades Maritime

The 319,000 dwt ships are slated for delivery in 2019 and 2020, data from VesselsValue shows. The price details of the order were not disclosed.

Kyklades Maritime is a return customer to HHI as it already has two VLCCs of the same size on order at the yard, slated for delivery next year.

The Greek owner also has five 115,000 dwt Aframax tankers under construction at South Korean Sungdong Shipbuilding and Marine Engineering. The first two ships from the batch, priced at USD 44 million each, are set to join the Greek owner’s fleet in 2018 with the remaining three following suit in 2019.

In addition, this year is reserved for the delivery of two Suezmax tankers to the company from Japanese shipbuilder Japan Marine United (JMU).

World Maritime News Staff