Hanwha Ocean introduced on Dec. 2 that it has secured an order for 2 very giant crude carriers (VLCCs) from a shipowner within the Oceania area. The overall contract worth quantities to 375.3 billion received.
The corporate defined that it continues to strengthen its competitiveness within the international market via collected VLCC development know-how and expertise constructed over an extended interval, in addition to the introduction of eco-friendly applied sciences. For the reason that starting of this 12 months, Hanwha Ocean has secured orders for a complete of 43 vessels, together with 19 VLCCs, 17 container ships, 6 liquefied pure fuel (LNG) carriers, and 1 icebreaking analysis vessel. This represents roughly $7.96 billion (roughly 11.7075 trillion received) in worth.
VLCC freight charges have lately rebounded, whereas demand for changing getting older fleets can also be increasing. As oil-producing international locations together with the Group of the Petroleum Exporting International locations (OPEC) Plus (+) enhance crude oil manufacturing and exports, demand for crude oil maritime transportation through VLCCs is anticipated to develop. The rise in long-distance route demand as a result of ton-mile will increase brought on by geopolitical dangers can also be constructive for the business. Hanwha Ocean projected that “VLCC market situations will proceed constructive developments in the meanwhile.”
