CMB forges first commercial shipbuilding contract for HHIC in six years

Belgian shipowner Compagnie Maritime Belge (CMB) has enlisted South Korea’s Hanjin Heavy Industries & Construction (HHIC) to complete two LR2 newbuildings.

The two unfinished vessels were left at the dry docks of daughter company Hanjin Heavy Industries & Construction Philippines (HHIC-Phil) in Subic Bay for more than 18 months.

But several parties are close to completing a deal that will see them delivered next year, CMB chief commercial officer Benoit Timmermans said.