Euronav signs contract for two VLCCs

March 23, 2006
Euronav NV has signed a contract with Hyundai Heavy Industries Co. Ltd., South Korea, for construction of two double-hull, 318,000 dwt very large crude carriers.

By OGJ editors
HOUSTON, Mar. 23 -- Euronav NV has signed a contract with Hyundai Heavy Industries Co. Ltd., South Korea, for construction of two double-hull, 318,000 dwt very large crude carriers.

The VLCCs, costing $120 million each, are to be delivered in the first quarter of 2009.