Brokers: Empire Navigation In for Up to 8 MRs at Hyundai Mipo

Greek shipowner Empire Navigation is reportedly bolstering its Medium Range (MR) tanker fleet with up to eight newbuildings.

According to Fearnleys’ weekly report, the company has placed an order for four 50,000 dwt MRs with Korean shipbuilder Hyundai Mipo Dockyard.

Under the deal, Empire has options to boost its order to eight units. The shipbroker did not disclose any price details, however, the firm MR quartet is set for delivery in 2020, the report said.

World Maritime News is yet to receive a comment on the order from the Greek shipowner.

Hyundai Mipo has been tied to an order for four 1,800 continerships from Nissen Kaiun. The ships are scheduled for completion in 2019, the shipbroker added.

World Maritime News Staff