Gungen in for pair of suezmaxes

Broking sources report that Ankara-headquartered Gungen Shipping & Trading is understood to have contracted two 153,000 dwt sized suezmaxes at South Korea’s Hyundai Heavy Industries (HHI).

The tankers have deliveries dated from mid-2017 onwards.

No price was revealed but the contract comes with options for two more.

The Turkish suzemax specialist owns four modern tankers. It is a 1990-formed spinoff of the former marine operations department within Güngen Foreign Trade, which was founded in 1976 as a family owned company.

For HHI, the world’s largest shipbuilder, the decision to accept suezmaxes is a sign of the times – its orderbook damaged by a series of offshore cancellations and in need of filling out a number of earlier slots.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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