The Greek rush for cheap VLCC newbuilds continues. Brokers report Neda Maritime Agency has contracted Hyundai Heavy Industries (HHI) to build one firm 319,000 dwt VLCC plus one option. No price has been revealed but recent deals in South Korea suggest Neda will not get much change from $80m per unit. The firm ship is due for delivery in the third quarter of 2018 and will be built at HHI’s sister yard, Hyundai Samho.
Neda has four aframaxes and six VLCCs on the tanker side of its business plus 15 bulkers.
Greek owners in the past five weeks have led a charge for VLCCs with a feeling that newbuild prices are finally flattening out.