Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Qingdao Hyundai bags more Aegean orders

Qingdao Hyundai bags more Aegean orders

Shanghai: Qingdao Hyundai Shipbuilding (QHS), the Chinese shipbuilding arm of South Korea's Hyundai Group, last week won a contract to build seven more 6,200dwt double-hull products tankers worth around $100m from fast-expanding bunker supplier Aegean Marine Petroleum. Earlier this year QHS and Aegean signed for five ships with an option for another four at a cost of around $10m a ship, according to Greek shipping intelligence newsletter Newsfront, meaning the building price of these tankers has increased nearly 50% in around nine months. The seven latest newbuildings will deliver within 2009, while those ordered in January are slated for delivery from November 2007. Additionally DNV reports that the latest order brings the total number of Greek vessels ordered this year under DNV class to 100.  [02/11/06]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg