South Korea's major shipbuilders' newbuilding contract news is to be successively heard from Greek international shipping exhibition 'Posidonia 2012.'
Hyundai Heavy Industries has firstly brought the news among other Korean shipyards. Sources said that on the first day of Posidonia, on June 4, it signed a contract for 162,000-cbm LNG carrier with a Greek owner Tsakos Energy Navigation.
The signing ceremony has been scheduled on Posidonia and the newbuilding LNG carrier is slated for delivery in Q1 2015. The contract is said to value over $208m and include option for additional one.
Meanwhile, other shipyards are soon to bear the news. Analyst Huh Sung-Duk said, "Greek owner of Almi Tanker, Costas Fostiropoulos revealed its investment plan to order two LNG carriers with six options more at Daewoo Shipbuilding & Marine Engineering."
"A total of 12 newbuilding LNG carriers invested year-to-date were ordered at Korean shipyards and as we have seen Greek owners' aggressive investment in LNG carriers during Posidonia 2012, additional orders for LNG carriers are expected in the second half of this year, as well."