DSIC in final negotiations for 3 new VLCC construction projects

2013-12-10 09:00

     Dalian Shipbuilding Industry Co., Ltd. (DSIC) is negotiating with Shandong Landbridge Group for the new construction of 3 Very Large Crude Carriers (VLCCs).

According to TradeWinds, the negotiation between DSIC and Landbridge for the construction of 3 x 320,000 DWT VLCCs, each valued at approximately 93 million USD, is entering its final stage. Landbridge plans to invest a significant sum of approximately 280 million USD in total, to expand its business scope into the VLCC sector through this new construction project, with these 3 newbuilds scheduled for delivery in 2016.

      Additionally, according to industry sources, Hong Kong-based Wah Kwong will serve as the technical assistance and consultant for this new construction project, and Landbridge has already signed a contract with DSIC regarding the technical specifications of the VLCCs.