Four LPG Carriers Postponed at Hyundai Mipo

Hyundai Mipo Dockyard South Koreas shipbuilder Hyundai Mipo Dockyard (HMD) revealed that two companies pushed the delivery dates of a total of four liquefied petroleum gas (LPG) carriers, the shipyard said in a stock exchange filing. Namely, the company said that an undisclosed Liberian customer decided to push the delivery of two LPG carriers from the initially scheduled delivery date of November 2017 by three months, to the end of February 2018. The two ships were ordered in August 2015 for a price of KRW 119.9 billion (USD 108.3 million), however, the contract price was modified to KRW 120.1 billion, Hyundai Mipo said. The second delivery postponement was made by a Marshall Islands-based owner. The company delayed its two LPG carrier, ordered in July 2015, by six months, pushing the delivery date from August 2017 to the end of February 2018. The vessels were priced at KRW 115.3 billion. The announcement was made less than two months after the shipbuilder received a request to delay two LPG carriers and a liquefied ethylene gas (LEG) carrier from a European customer in July 2016. The delivery of these ships was pushed from October 2017 to the end of April 2018. World Maritime News Staff