Thursday, December 6, 2012

[Marine] Hyundai considers VLOC resale

Hyundai considers VLOC resale

Hyundai Heavy Industries is reportedly mulling selling four VLOC newbuildings en bloc in a resale deal at a price tag of over $60m per ship.

Taiwan’s Today Makes Tomorrow (TMT), the orderer of the vessels, is said to have defaulted on payments and failed to take delivery of them.

The 263,000-dwt M Duckling, N Duckling, O Duckling and P Duckling are said to have been circulating on the resale market.

Sale-and-purchase (S&P) brokers estimate the newbuilds might be worth mid-$50m each.



Published : December 5, 2012


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