Hyundai Heavy will build two very large gas carriers

South Korea’s Hyundai Heavy Industries has got an order for two very large gas carriers (VLGCs) from a Greek owner

According to the the deal, Hyundai Heavy Industries is scheduled to deliver the very large gas carriers in 2020.

The shipbuilder signed an agreement to construct the 80,000 cbm units with  the operator of product tankers and LPG carriers, Consolidated Marine Management (CMM).

CMM, acting as technical managers for shipping company Latsco (London) Ltd, is reportedly paying some USD 73 million per unit.

Once delivered, the newbuildings will become a part of CMM’s fleet of 27 vessels, comprising seven VLGCs, two LGCs, three Aframax tankers, two product carriers and 13 oil/chemical tankers.


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