Hyundai Samho bags contract for VLCC trio

South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering Co., has won a contract for the construction of three very large crude carriers (VLCCs).

The order has been secured from an unnamed shipowner based in Asia with the deliveries slated for 2022.

The contract is worth KRW 298.8 billion ($268.9 million).

The deal is being reported on the heels of a contract Hyundai Samho reported earlier this month for two container ships.

The two boxships were ordered by an unnamed European shipowner and are slated for delivery in 2023.

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Aside from the latest contract won by Hyundai Samho, KSOE has also won orders for two liquefied petroleum gas (LPG) carriers, three petrochemical carriers, and a container carrier, Yonhap reports.