Hyundai Heavy Wins $600 Vitol Tanker Contract
HHI will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000 cubic meters (3 million cubic feet) each.
The ships are expected to be delivered in the first half of 2019.
Under the deal, the energy company holds the option to order six more gas carriers.
The newly built tankers will be designed to consume less fuel and be eco-friendly to meet the International Maritime Organization’s sulphur cap set to come into effect from 2020, Hyundai said in a statement.
From 1972 to 2013, HHI has delivered 2,981 vessels to 268 ship-owners in 48 countries. It commands around 16% of the world's ship manufacturing market.
Headquartered in Ulsan, South Korea, Hyundai Heavy has different business divisions, including shipbuilding, offshore and engineering. The shipyard extends across two and a half miles.
You May Interested In
2026-09-30
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-Ion Battery Materials
-
AkzoNobel Invests €50 Million to Expand Aerospace Coatings Operations in the United States
-
LB Group Takes Over UK Titanium Dioxide Plant, Restarts 150,000-tonne Capacity
-
Henkel Plans to Acquire Swiss Adhesive Specialist ATP Adhesive Systems, Expanding Its Sustainable Tape Portfolio
-
Sanofi’s $2.2 Billion Dynavax Acquisition: Why Big Pharma Is Rebuilding the Global Vaccine Order
-
BASF Evaluates New MDI Production Complex in India, Secures Dahej Site
-
Evonik Inaugurates New Speciality Alumina Plant in Japan, Bolstering Regional Growth Strategy
-
BASF Personal Care Launches Ameriflor Calm
-
Brenntag and Momentive Expand Partnership to the Philippines
-
Mitsubishi Chemical to Halt Production of Key Epoxy Resin Grades by 2027
Recommend Reading
-
![IFF to Establish Scent Creative Center in Mumbai]()
IFF to Establish Scent Creative Center in Mumbai
-
![Two Major Dye Giants Hike Prices Consecutively: Longsheng Raises Prices by Up to RMB 10,000/Ton, Yabang Increases Some Products by RMB 60,000/Ton]()
Two Major Dye Giants Hike Prices Consecutively: Longsheng Raises Prices by Up to RMB 10,000/Ton, Yabang Increases Some Products by RMB 60,000/Ton
-
![Huntsman Partners with Wobatek to Expand TPU Distribution]()
Huntsman Partners with Wobatek to Expand TPU Distribution
-
![Eurofragance Launches Proprietary Fragrance Ingredient Olivante]()
Eurofragance Launches Proprietary Fragrance Ingredient Olivante
-
![Brazil’s SISPA Platform Signals a New Phase in Pesticide Registration]()
Brazil’s SISPA Platform Signals a New Phase in Pesticide Registration
-
![Styrene-butadiene rubber market conditions remain weak]()
Styrene-butadiene rubber market conditions remain weak
-
![November epoxy chloropropane market first fell then stabilized]()
November epoxy chloropropane market first fell then stabilized
-
![Bearish Factors Suppress Hydrogen Peroxide Prices in China]()
Bearish Factors Suppress Hydrogen Peroxide Prices in China
-
![Costs Decline, Production Starts to Rise—Phthalic Anhydride Prices Fluctuate and Fall in November]()
Costs Decline, Production Starts to Rise—Phthalic Anhydride Prices Fluctuate and Fall in November
-
![In November, the market price of anhydrous hydrogen fluoride in China showed a downward trend]()
In November, the market price of anhydrous hydrogen fluoride in China showed a downward trend
