Report: Elandra Tankers Orders VLCC Quartet at Hyundai Heavy

Singapore’s shipping company Elandra Tankers has placed an order for four very large crude carriers (VLCCs), according to data provided by Asiasis.

Ordered from the South Korean shipbuilder Hyundai Heavy Industries, the vessels feature 300,000 dwt.

Elandra Tankers, a joint venture between oil trader Vitol SA and a unit of Standard Chartered Bank, is reportedly paying up to US 368 million for the batch, or USD 92 million per unit.

The ships, which were allegedly ordered in April, are scheduled to join their owner starting from late 2019 to early 2020.

World Maritime News Staff; Image Courtesy: Hyundai Heavy Industries