SK Shipping orders VLGC

Seoul: Korea's SK Shipping has signed a contract with compatriot shipbuilder Hyundai Heavy Industries (HHI) at Hyundai Hotel in Geyongju on November 25 to build a VLGC of 82,000 cbm class.

The VLGC is slated to arrive at SK Shipping in the beginning of 2013, and its price is said to be around the mid-$70m.

One insider from SK Shipping told local media, "We are deploying a total of five vessels to transport LPG for SK Gas, and we have been focusing on expanding our fleet including placing orders for 15 new vessels in total this year."
(Source:www.seatrade-asia.com)