Hanjin in first tanker orders for Philippines yard
South Korea's Hanjin Heavy Industries Co. has won its first orders to build oil tankers at its new shipyard in the Philippines, company sources said today, a deal worth an estimated US0 million.
The two tankers, the biggest ever built in the Philippines, are to be delivered from Hanjin's US0 million yard on Subic Bay, on the west coast of the island of Luzon, next year, they said.
''We have secured two orders, for delivery around 2008,'' a Philippines-based Hanjin source told Reuters, declining to provide more details on the buyer or contract value. Company officials in Seoul also confirmed the order.
The two tankers, expected to be each around 75,000-100,000 deadweight tonnes, are slated to carry crude within the Middle East and Europe, the Phillipines-based source said.
Shipbrokers Clarksons earlier this month estimated the price of a newly built tanker of that size at about US.5 million.
The two tankers, the biggest ever built in the Philippines, are to be delivered from Hanjin's US0 million yard on Subic Bay, on the west coast of the island of Luzon, next year, they said.
''We have secured two orders, for delivery around 2008,'' a Philippines-based Hanjin source told Reuters, declining to provide more details on the buyer or contract value. Company officials in Seoul also confirmed the order.
The two tankers, expected to be each around 75,000-100,000 deadweight tonnes, are slated to carry crude within the Middle East and Europe, the Phillipines-based source said.
Shipbrokers Clarksons earlier this month estimated the price of a newly built tanker of that size at about US.5 million.
