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HomeMaritime NewsRegionsAsiaPertamina splashes out $79.5m for VLGC

Pertamina splashes out $79.5m for VLGC

Pertamina splashes out $79.5m for VLGC
Jakarta: Indonesia's state-owned Pertamina confirmed a $79.5m order for a VLGC from South Korea's Hyundai Heavy Industries (HHI). The price tag is more than $6m above current market levels.

The new VLGC is scheduled to be delivered to Pertamina in 2014.

According to shipbroker Clarksons, market rates for a newbuilding VLGC sized 78,000-84,000 cubic metres are around $72m. The price has hovered between $72-73m since July 2010.

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