Hyundai Heavy takes Turkish suezmax deal

The world’s largest shipbuilder is still filling out its 2020 slots and is offering deals for ship types it would turn away in the busier times of its heyday.

Hyundai Heavy Industries has agreed to build a pair of suezmaxes for Turkey’s Ciner Group. The ships are due to go on charter to Koch and come with a mid-2020 delivery timeline. No price has been given for the deal.

Ciner is a diverse conglomerate. Its shipping interests span tankers, dry bulk and boxships with 26 ships trading today. On its website, Ciner states it is also keen to enter the LNG trades soon.

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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