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Shipyards add to tanker order tally; HHI looks to invest in US
Exmar orders four Suezmax tankers, Frontline expands VLCC order, and Hyundai Heavy bids for US naval shipyard
Exmar NV has contracted DH Shipbuilding in South Korea for four 157,200-dwt vessels, with options for four more, according to BRL’s Weekly Newbuilding Contracts.
The Belgian shipowner placed the substantial order for Suezmax crude oil tankers, underscoring the continued buoyancy of the tanker newbuilding market. Each unit is priced at US$86.2M, and deliveries are scheduled between September 2027 and March 2029.
The source also reports that Norwegian tanker operator Frontline Management AS has increased its very large crude carrier (VLCC) order at Hengli Heavy Industries from two ships to four. No pricing details have been confirmed, to date, on the contract.
In the chemical tanker segment, Xingtong Shipping of China has secured four stainless steel chemical tankers from Taizhou Kouan Shipbuilding, comprising two, 13,000-dwt vessels and two at 13,800-dwt.
Looking ahead to vessels under negotiation, BRL reports that Switzerland’s Advantage Tankers is in talks with Hanwha Ocean Shipyard for two 157,000-dwt Suezmax tankers, and these discussions remain ongoing, with no contract yet finalised
In India, the Shipping Corporation of India has formed a joint venture with Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum to issue a tender to domestic yards for ten medium-size tanker newbuildings, but no particulars on vessel size or builder have been disclosed
Finally, BRL and others have reported that Hyundai Heavy Industries is bidding to acquire an American shipyard to construct six US naval vessels, as part of a move to expand its naval construction footprint.
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