Korea Line confirms VLCC order at DSME

Korea Line has officially placed an order at compatriot shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the contruction of two 300,000 dwt VLCCs.

The two vessels will be used to transport oil for domestic oil refining firm S-Oil Coporation under a five-year COA contract.

The total value of the shipbuilding contract is KRW187bn ($177.5m) and delivery is scheduled in 2019.

In March, Korea Line ordered two VLCCs at Hyundai Heavy Industries as part of a COA contract with GS Caltex.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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