Thursday, August 18, 2011

Hyundai scores more LNG carriers

Greek shipowner George Prokopiou-controlled Dynagas has inked contracts for two more 155,000-cbm LNG carrier newbuildings after fixing a pair of ships ordered in May this year at Hyundai Heavy Industries of South Korea.

The latest move includes exercising an option for a third ship which was included in the initial agreement with Hyundai, as well as adding a fourth firm vessel.

All four vessels are said to be designed for a cargo carrying capacity of close to 160,000 cbm, and the third and fourth units are for delivery in 2014.

Dynagas paid around $200m each for its first two HHI newbuilds three months ago and the latest pair are said to have the same price tag.

Mr Prokopiou confirmed that the new shipbuilding contracts had been finalised and that the first two units, which are due to be ready in H2 2013, are already covered with long-term charter.

The latest firm Dynagas orders bring to 23 the number of firm LNG carriers ordered by Greeks since the start of this year. There are an estimated eight or nine options in addition to this.

Published : August 18, 2011

Source: Asiasis


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