Sonangol splashes $137m on suezmax pair

South Korean yard Hyundai Samho Heavy Industries has won a KRW153bn ($137m) contract from Angola’s state-run oil company Sonangol.

The deal calls for Hyundai Samho to deliver two 158,000 dwt suezmaxes in the first half of 2023.

Sonangol’s current fleet numbers 21 tankers and five gas carriers according to VesselsValue.

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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