Hyundai Heavy Industries Group Wins Order for Two Crude Oil Tankers Worth 150 Billion KRW

[Asia Economy Reporter Park So-yeon] Hyundai Heavy Industries Group announced on the 7th that it had secured orders for two large crude oil carriers from a European shipowner on the 6th. The amount is approximately 150 billion KRW.

The vessels ordered this time are 158,000-ton crude oil carriers with a length of 274 m, width of 48 m, and height of 23.2 m.

They will be built at Hyundai Heavy Industries in Ulsan and are scheduled to be delivered sequentially to the shipowner starting January 2022.

The contract includes options for two additional vessels, raising expectations for further orders, Hyundai Heavy Industries Group said.

Hyundai Heavy Industries Group introduced that it began building ultra-large crude oil carriers for the first time in Korea in 1974 and has constructed over 1,600 tankers (including crude oil carriers and petrochemical product carriers) to date.

Hyundai Heavy Industries Group set its shipbuilding order target for this year at 15.7 billion USD, 21% higher than last year's order performance (13 billion USD).

So far this year, the order performance includes a total of 22 vessels (1.4 billion USD): 3 crude oil carriers, 15 petrochemical product carriers (PC vessels), 3 liquefied petroleum gas (LPG) carriers, and 1 special-purpose vessel.

This content was produced with the assistance of AI translation services.