HMD Tied to MR Tanker Order

HMD South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has secured an order for a 50,000 dwt MR product tanker from clients of Monaco-based Central Shipping Group, Clarksons Platou Shipbroking reports. The ship will be built at HMD’s Ulsan facility and is slated for delivery in the first quarter of 2019. As disclosed, the order includes one optional MR newbuilding of the same size. The estimated price of the vessels has been set at around USD 35 million. Earlier this week the shipbuilder informed that it has sold its stake in a securities firm, cashing in USD 409 million from the sale. The transaction is part of reorganization efforts of HMDs parent company Hyundai Heavy Industries aimed at cutting costs and offloading secondary business units. World Maritime News Staff