DSME clinches VLCC order from Hunter Group

Daewoo Shipbuilding & Marine Engineering (DSME) has clinched an order from Norway’s Hunter Group to build up to three VLCCs for about $273m.

The contract is for one firm order and two options.

The 300,000-dwt eco-design VLCC will be outfitted with a scrubber from Finland’s Wartsila. Delivery is scheduled for July 2020.

With this latest order, Hunter Group now has eight sister VLCCs under construction at DSME, all outfitted with Wartsila scrubbers.


“We are very pleased to have reached an agreement with DSME for the acquisition of one additional vessel at what we consider to be a very attractive price and delivery time,” said Erik Frydendal, ceo of Hunter Group.

Frydendal added that the group is expected to operate a sizable fleet of VLCCs in what he believes “will be a strong tanker market.”

Meanwhile, DSME has won 38 newbuild orders valued at approximately $4.86bn this year, including 12 LNG carriers, 18 large crude oil tankers, seven large containerships and one special vessel.

Posted 05 November 2018

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Lee Hong Liang

Asia Correspondent

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