Korea Line confirms VLCC order at DSME

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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