SHI Secures Suezmax Order

12 September 2010 (Last Updated September 12th, 2010 18:30)

Samsung Heavy Industries (SHI) has secured two Suezmax tanker orders from Greece-based Cardiff Marine. According to reports, Cardiff Marine is paying about $68m for each vessel ordered at the South Korean yard. The order increases Cardiff's tanker order book to 17, which includes

Samsung Heavy Industries (SHI) has secured two Suezmax tanker orders from Greece-based Cardiff Marine.

According to reports, Cardiff Marine is paying about $68m for each vessel ordered at the South Korean yard.

The order increases Cardiff’s tanker order book to 17, which includes four Suezmax and six Aframax tankers at SHI as well as five tankers at Jiangsu Rongsheng Heavy Industries in China.

The Suezmax vessels are scheduled for delivery in the fourth quarter of 2013.