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Cido in for VLCC brace at Hyundai Heavy

Multiple broking reports carry news that Hong Kong-based Korean owner Cido Shipping has placed its first newbuild orders since 2015.

Cido, which has spent much of the past decade downsizing its fleet, has tapped Hyundai Heavy Industries to build a pair of 300,000 dwt VLCCs.

The scrubber-fitted tankers will deliver in the second half of 2022 and come with a price tag of $88.5m each.

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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