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Hyundai Heavy Industries Receives Orders for Super-Large Crude Oil Carriers
Environmentally Friendly VLCCs
Hyundai Heavy Industries Receives Orders for Super-Large Crude Oil Carriers
  • By Michael Herh
  • January 31, 2019, 11:09
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A photo by the courtesy of Hyundai Heavy Industries.
A photo by the courtesy of Hyundai Heavy Industries.

Anticipation is growing for a recovery in the Korean shipbuilding industry as the Hyundai Heavy Industries Group succeeded in winning orders since early this year.

Hyundai Heavy Industries Group announced on January 30 that it landed an order for three very large crude oil carriers (VLCCs) including one optional one worth 320 billion won (US$288 million) from a European shipping company.

The vessels ordered this time will be 330m long and 60m wide, built at Hyundai Samho Heavy Industries in Youngam of South Jeolla Province and delivered one after another beginning in the second half of 2020.

In particular, these ships will be loaded with environmentally friendly scrubbers to meet emission regulations set by the International Maritime Organization (IMO) that will take effect starting in 2020.