Korea Shipbuilding and Offshore Engineering (KSOE) bagged an order for the construction of two crude oil carriers, says an article published in Ship Technology.
About the contract
As per the agreement, KSOE’s unit Hyundai Samho Heavy Industries (HSHI) will be responsible for the construction of two Suezmax for Sonangol Shipping.
Sonangol Shipping is a unit of Sonangol EP, Angola’s state-controlled oil firm.
In a stock exchange filing, KSOE disclosed that the value of the contract is approximately $137m (KRW153.1bn).
The carriers are expected to be delivered by December 2023.
Last week, HSHI secured an order worth $186m (KRW207.9bn) from Belgium’s tanker shipping company Euronav. The order included the construction of two very large crude carriers (VLCCs) as well as the option for a third.
For more information read our article Euronav NV Contracts With HSHI For VLCCs
LNG & Ammonia ready
According to the shipbuilder, these vessels will be liquified natural gas (LNG)-ready and potentially ammonia-ready as well.
KSOE orderbook
Last month, KSOE secured contracts for the construction of a total of ten vessels from four shipping firms in Europe, Africa and Oceania.
For more information read our article KOSE Won Fresh Orders Worth $724 Million
The total value of the contracts was approximately $724m (KRW823bn).
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Source: Ship Technology
