Industry
Korea Shipbuilding wins W200b oil crude carrier order from Europe
Nov. 9, 2020
Korea Shipbuilding & Offshore Engineering Co. said Monday that it has signed a 200 billion won ($179 million) deal with a European shipping firm to build two very large crude-oil carriers (VLCCs). The 300,000-ton vessels to be built by Hyundai Heavy Industries Co., a unit of Korea Shipbuilding, will be delivered from June 2022, the company said in an e-mailed statement. So far this year, Korea Shipbuilding has won orders to build 11 VLCCs, accounting for 55 percent of the global VLCC marke