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Incorporating Clean Shipping International

HUNTER RETURNS TO DSME FOR NEW VLCC

Tuesday, November 6, 2018 

Hunter Tankers AS has entered contracted to Korean yard Daewoo Shipbuilding and Marine Engineering (DMSE) to build an additional 300,000dwt eco-VLCC. The vessel, which will be fitted with a marine exhaust cleaning system to meet global sulphur cap rules, is scheduled for delivery in July 2020.

“We are very pleased to have reached an agreement with DSME for the acquisition of one additional vessel at what we consider to be a very attractive price and delivery time.  With this acquisition we have eight sister vessels under construction at DSME, all outfitted with scrubbers from market leading producer Wärtsilä.  We also greatly appreciate DSME in accepting our request for earlier deliveries for vessel nos. 5465/66/67.  This will enable us to have a larger fleet of world class quality tonnage operational earlier, in what we believe will be a strong tanker market.  Furthermore, we are very pleased to further build on our strong and close relationship with DSME, a quality builder of VLCCs,” said Erik Frydendal, CEO of Hunter Group. 

SL Jung, CEO of DSME, added: “We are very pleased to have further strengthened our partnership with Hunter Group through this additional newbuilding deal after seven VLCC newbuilding orders already having been placed. We appreciate Hunter Group and Mr. Fredly’s trust in DSME and will reciprocate this trust with the best quality, advanced technology and on time delivery of all the vessels in the series.”

DSME has secured contracts for 38 vessels this year worth about $4.86 billion this year, including 12 LNG carriers, 18 large crude oil carriers, 7 super large containerships and one special ship. This is the largest amount in the last four years and is about 67% of the $ 7.3 billion target this year. 

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