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Sizeable chunk of the global VLCC orderbook removed

The global VLCC orderbook has seen a sizeable chunk removed this week. South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho Heavy Industries have cancelled 10 VLCC construction contracts worth KRW980bn ($871.6m) due to the unspecified Oceanian client’s failure to pay downpayments on time. The orders were placed in November last year, split 70:30 …

WP_Post Object ( [ID] => 239893 [post_author] => 76 [post_date] => 2021-02-05 06:22:40 [post_date_gmt] => 2021-02-05 06:22:40 [post_content] =>

The global VLCC orderbook has seen a sizeable chunk removed this week. South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho Heavy Industries have cancelled 10 VLCC construction contracts worth KRW980bn ($871.6m) due to the unspecified Oceanian client’s failure to pay downpayments on time. The orders were placed in November last year, split 70:30 …

[post_title] => Sizeable chunk of the global VLCC orderbook removed [post_excerpt] => The global VLCC orderbook has seen a sizeable chunk removed this week. South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho Heavy Industries have cancelled 10 VLCC construction contracts worth KRW980bn ($871.6m) due to the unspecified O... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => sizeable-chunk-of-the-global-vlcc-orderbook-removed [to_ping] => [pinged] => [post_modified] => 2021-02-05 08:15:40 [post_modified_gmt] => 2021-02-05 08:15:40 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135795 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )