DSME announced at the weekend that it had signed a Letter of Intent (LoI) with HMM for five 300,000 dwt newbuildings with options for five more.
With newbuilds priced at an estimated $80m per vessel if all 10 newbuilds are confirmed. The shipbuilder said the firm contract would be signed in July.
It is the second large tanker order secured by DSME recently with Greek owner Angelicoussis returning to the yard with a $250m order from a trio of 318,000 dwt VLCCs for Maran Tankers Management.
“Many shippers at home and abroad have significant trust in DSME’s technology and competitiveness,” said DSME chief Jung Sung-leep. “We will deliver quality vessels to those and get back on our feet in return for their trust.”
The Korean shipbuilder has received orders for 13 vessels worth more than $1.4bn if the first five VLCCs from HMM are included.
“Such new orders are expected to be a great help in overcoming the crisis facing DSME.”
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