Hyundai Mipo Clinches Deal for Product Tanker Duo

South Korea’s shipbuilder Hyundai Mipo Dockyard has secured a product tankers order.

According to the company’s stock exchange filing, an undisclosed European shipowner placed the order for two units.

The deal is worth around KRW 87.9 billion (USD 75.6 million).

The contract was signed in late June 2019, Hyundai Mipo said, adding that the new vessels are scheduled to be delivered to their owner by the end of October 2020.

The order was secured only weeks after Hyundai Mipo received a contract to build two feeder containerships for an unnamed Asian shipowner.

Under the KRW 82.7 billion (USD 71.2 million) worth contract, the shipbuilder would construct and deliver the 2,500 TEU pair in the second half of 2020.

World Maritime News Staff