Independent journal on economy and transport policy
08:17 GMT+2
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HMM will order to five new VLCC to the DSME with option for others five ships
the contract will be undersigned within July
April 10, 2017
the company of South Korean navigation Hyundai Merchant Marine (HMM) has undersigned a letter of attempts with the compatriot Daewoo Shipbuilding & Marine Engineering Co. (DSME) for the construction of five Very Large Raw Carrier (VLCC) of 300.000 gross capacities in tons with option for others five tankers of the same type. The two parts preview that the contract will be formalized within the end of the next July.
"Currently - the managing director of HMM, Chang-Keun Yoo has explained - we operate twelve VLCC that have been fundamental for the stability of the profits and in order to strengthen the commercial competitiveness. We have considered that this year has arrived the just moment in order to order new VLCC to construction prices that are to a level historically low".
HMM has specified that this agreement represents the first resource to the financings previewed from the New Shipbuilding Program announced last October from the government of Seul with the attempt to support the national industry of the marine transport, program that previews investments for a total of 2.600 billion won (2,28 billion dollars). Hyundah Merchant Matine has specified that, with the support of the program, the company previews to order also to the construction of portacontenitori average and small ships dimension.
HMM has remembered the strong ties of the company with the navalmeccanico group DSME to which in 2011 it had ordered the construction of five portacontainer from 13.100 teu that they are largest portacontainer of the field of the containerized marine transport of Korea of the South(of 10 August 2011). Moreover in the fleet of the HMM they figure also you are portacontainer from 10.000 that is commissioned in 2013 to the same DSME(of 17 December 2013).
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the company of South Korean navigation Hyundai Merchant Marine (HMM) has undersigned a letter of attempts with the compatriot Daewoo Shipbuilding & Marine Engineering Co. (DSME) for the construction of five Very Large Raw Carrier (VLCC) of 300.000 gross capacities in tons with option for others five tankers of the same type. The two parts preview that the contract will be formalized within the end of the next July.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
