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.

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“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