MOL in for Hyundai Heavy VLGC trio

MOL in for Hyundai Heavy VLGC trio

Japan’s largest shipping company by fleet size has decided to go to South Korea for its next ship order. Mitsui OSK Lines (MOL) is reported by brokers to have chosen Hyundai Heavy Industries (HHI) for a series of VLGCs. The 82,000 cu m trio are all set for prompt 2021 delivery with no price mentioned.

MOL subsidiary Phoenix Tankers, headquartered in Singapore, is the line’s main VLGC player with eight VLGCs in its fleet according to its website.

The MOL orders close out HHI’s delivery slots for next year and marketing is now in full swing to try and close out its berths for the first half of 2022.

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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