Hyundai Mipo Dockyard of Korea is said to have contracted an order for 20 MR product carriers from Sinokor Merchant Marine.
Sources said that newbuilding contract had already been signed last week and was looking for announcement this week.
Domestic shipping player Sinokor Merchant Marine is said to have ordered the vessels on the back of a long-term charter deal with Royal Dutch Shell in a project code-named “Project Silver”.
Sinokor placed an order for 10 formal plus 10 optional 52,000-dwt PCs at Hyundai Mipo.
While SPP Shipbuilding and STX Offshore & Shipbuilding have also proceeded newbuilding negotiations for this project, there is a possibility for them to be awarded additional orders.
Market sources estimate newbuilding price at around $33.5m-34m per ship, with delivery slated for 2014-2015.
Published : December 3, 2012
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