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Handysize Tanker Orders


Three European ship-owners could be set to order up to a dozen handysize product tankers at South Korea's Hyundai Mipo Dockyard as tanker operators focus their attention on replacing older tonnage after the Erika incident.

Arminiter of Monaco, D'Alesio Gaetano and a third undisclosed Mediterranean owner have each placed letters of intent with Hyundai Mipo for two 35,000 dwt product tankers plus options. The price being discussed is thought to be around $24m for each vessel, creating a potential order windfall for the South Korean shipbuilder worth $300m. Delivery dates for the first six ships have been earmarked to begin some time in 2002.

More information: Lloyd's List (3 March, 2000)


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