Japanese flock for Hyundai Vinashin MRs

Hyundai Vinashin in northern Vietnam has signed a contract for a series of five 50,000 dwt MR product tankers from three different Japanese owners, according to Clarkson Research, with all the units scheduled to be delivered within 2019.

Two tankers are set to be delivered to Fukujin Kisen, two will be delivered to Masumoto Shipping and the final vessel will be delivered to Hisamato Kisen.

These are the first reported new orders at the joint venture yard since February when Central Shipping Monaco exercised an option to take an MR product tanker for late next year. Hyundai Vinahsin is understood to have plenty of slots left over for 2019 deliveries.

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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