Hyundai Heavy to Build VLGC Duo for Latsco

South Korea’s Hyundai Heavy Industries has clinched an order for two very large gas carriers (VLGCs) from a Greek owner.

According to data provided by Asiasis, the shipbuilder signed an agreement to construct the 80,000 cbm units with  the operator of product tankers and LPG carriers, Consolidated Marine Management (CMM).

CMM, acting as technical managers for shipping company Latsco (London) Ltd, is reportedly paying some USD 73 million per unit.

Under the deal, unveiled on October 22, Hyundai Heavy Industries is scheduled to deliver the very large gas carriers in 2020.

Once delivered, the newbuildings will become a part of CMM’s fleet of 27 vessels, comprising seven VLGCs, two LGCs, three Aframax tankers, two product carriers and 13 oil/chemical tankers.