Bow Americas, a Odfjell-owned chemical tanker, image: Odfjell
Hyundai Mipo Dockyard (HMD) announced today they have signed a newbuild order with an undisclosed European shipowner for four chemical tankers for a total consideration of KRW 129.7 billion (USD $122 million).
This order comes only 5 days after a monster order for 16 new product tankers from a Middle Eastern shipowner.
As Swetha Gopinath and Garima Goel reported last week, demand for chemical tankers is beginning to outpace capacity resulting in “bumper profits for the handful of companies that own and operate them.”
Further reading: Chemical Tankers in Demand as U.S. Exports Soar
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,925 members that receive our newsletter.
Have a news tip? Let us know.
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
The United States Trade Representative (USTR) has announced the launch of an investigation into alleged unfair trade practices by China in the shipbuilding, maritime, and logistics sectors. The probe was...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,925 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
