Hong Kong’s Tai Chong Cheang (TCC) is lining up a VLCC newbuilding order that is likely to confirm the benchmark price in the sector has slipped below $80m with Korean yards aiming to build up their orderbooks and dominating the recent orders rush.
The Kenneth Koo-led company has commissioned Hyundai Heavy Industries (HHI) to construct a pair of newbuildings for delivery in 2019.
