Sungdong Wins Tanker Order

May 28, 2017

 South Korea's Sungdong Shipbuilding  won an order for seven mid-sized tankers, including two as an option, from a Greek shipowner, reported Korea Economic Daily.

 
It has been more than one year that the Korean mid-sized shipyard to receive a newbuilding contract.
 
Sungdong Shipbuilding signed a deal with Greece’s Kyklades Maritime to build five 115,000-ton tankers in firm order and two more in option. The per-ship newbuilding price is estimated at US$44 million.
 
The report said that Sungdong Shipbuilding is also likely to clinch orders for two tankers and two shuttle tankers within the first half of this year. 
 
These orders would bring Sungdong’s order receipt volume up to $500-$600 million, brightening the prospect that it could achieve its annual order receipt target set at $1 billion.
 

Logistics News

Port Milwaukee to Break Ground on South Shore Cruise Dock

Port Milwaukee to Break Ground on South Shore Cruise Dock

Trump Tariffs Reroute Brazilian Beef to Mexico

Trump Tariffs Reroute Brazilian Beef to Mexico

Baltic Index Up for Third Straight Session

Baltic Index Up for Third Straight Session

Doubling of US Tariffs on India Begin Wednesday

Doubling of US Tariffs on India Begin Wednesday

Subscribe for Maritime Logistics Professional E‑News

Maguire: US fossil fuel electricity production and emissions will peak in 2025.
Kazakhstan is in talks with BTC to resume oil transport via BTC pipeline.
Sources say that Harvest Midstream, Jeff Hildebrand’s company, has agreed to purchase some MPLX assets for $1 billion.