bahri chemical tanker

Hyundai Mipo Wins Order for 16 Clean Product Tankers

Rob Almeida
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October 30, 2013

hyundai mipo dockyardHyundai Mipo added nearly a half billion dollars to their backlog today with a 16-ship order from an undisclosed Middle Eastern shipowner today.

The order consists of six chemical carriers along with ten product tankers for a consideration of USD $184 million and USD $309 million respectively.

According to the exchange filing, the ships will be delivered by the fourth quarter of 2016.

It seems likely the shipowner is Saudi Arabia-based Bahri.  In a statement on their website, they note their plans to expand their fleet by 12 ships by 2014.  We have reached out to them for confirmation, but have not yet received a response.

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