Jun 10, 2024 | Shipbuilding & ship repair news

Mid-sized shipyard Korea Shipbuilding has announced the signing of contracts for three newbuild ships: two Suezmax-class crude oil carriers for Greek company Atlas Maritime, and another for Oceania Shipping.

The order from Atlas Maritime follows signing a letter of intent to build in May 2024. The two shipping companies between them have ordered nearly 20 vessels to Korea Shipbuilding so far.

The vessels are designed to be converted to LNG-fuel in the future and will be built as eco-friendly ships with exhaust gas desulphurisation scrubbers. The vessels will be delivered in 2026 and 2027.

The total contract size for the three vessels is about US$ 270m (about 360bn won). As a result, Korea Shipbuilding has recorded an order book value of 860bn won with six vessels ordered in 2024.

Image: Contract signing at Posidonia 2024 (source: Korea Shipbuilding)

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