Exmar orders four Suezmax tankers, Frontline expands VLCC order, and Hyundai Heavy bids for US naval shipyard
Exmar NV has contracted DH Shipbuilding in South Korea for four 157,200-dwt vessels, with options for four more, according to BRL’sWeekly Newbuilding Contracts.
The Belgian shipowner placed the substantial order for Suezmax crude oil tankers, underscoring the continued buoyancy of the tanker newbuilding market. Each unit is priced at US$86.2M, and deliveries are scheduled between September 2027 and March 2029.
The source also reports that Norwegian tanker operator Frontline Management AS has increased its very large crude carrier (VLCC) order at Hengli Heavy Industries from two ships to four.No pricing details have been confirmed, to date, on the contract.
