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Ray Automotive Carriers has joined the push for supertanker tonnage by signing as much as construct 4 VLCCs in South Korea.
Shipbuilding sources have linked the Israeli proprietor, finest often called a car provider tonnage supplier, to a $520m deal at HD Korea Shipbuilding & Offshore Engineering.
The 320,000 dwt ships, costing about $130m every, will likely be constructed at Hyundai Samho Heavy Industries for supply by December 2027, whereas most brokers are quoting round $128.5m for related tonnage.
The Abraham Rami Ungar-controlled firm has grow to be the most recent identify amongst high-profile shipowners to have jumped on out there VLCC newbuilding slots because the sector with one of many smallest orderbooks is poised to see solely a handful of deliveries this and subsequent 12 months.
Norway’s DHT lately booked as much as eight ships in South Korea, costing every about $128.5m on common, whereas Evangelos Marinakis, John Fredriksen, Tor Olav Trøim and even main charterer Trafigura have VLCCs lined up for development in China.
Ray Automotive Carriers is presently listed with a pair of VLCCs snapped up from Oslo-listed Hunter Group in 2022 for $95.5m every. If confirmed, the most recent order would mark the corporate’s second newbuilding mission this 12 months, following two automotive carriers booked at Hyundai Mipo Dockyard, delivering by Might 2028.
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