Seoul: South Korea's Hyundai Heavy Industries (HHI) has changed the two 158,000-dwt Suezmax tankers ordered by Greek owner Phoenix Energy Navigation into three 105,000-dwt Aframax tankers.?The two companies concluded the deal for the two Suezmaxes in June 2008. The newbuildings, due for delivery in September and December 2011, were priced at about $96 million apiece. The three Aframaxes are slated to be completed between August and December 2011. Latest market reports indicate a severe glut of capacity of suezmaxes going forward. [07/10/09]
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.