Middle EastShipyardsTankers

ADNOC orders VLCC trio at DSME

Photo of Sam Chambers Sam ChambersDecember 4, 2020
2,731 Less than a minute
Hunter Group

Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW282bn ($257m) order to build three VLCCs for Abu Dhabi National Oil Co (ADNOC).

The vessels will be delivered by the first quarter of 2023 with the contract also coming with options for three more VLCCs.

The latest contract win brings DSME’s total orders for the year to $4.6bn, still 44% shy of its 2020 sales target.

ADNOC entered the VLCC sector in October when it acquired two VLCCs from Norwegian owner Hunter Group.

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Photo of Sam Chambers Sam ChambersDecember 4, 2020
2,731 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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