South Korean owner Hyundai Merchant Marine is in talks with compatriot DSME over an order for VLCC newbuildings.
The five-ship series is being negotiated as the first transaction under a state-sponsored scheme to help revive the nation’s shipping industry, Yonhap reports.
Hyundai Merchant Marine is hunting the $419m tankers as part of a project that also includes a pair of container vessels.
