Monday, November 29, 2021

Sinokor adds another dozen at Hyundai Mipo

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South Korean owner signs $360m deal with HMD.

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Sinokor Merchant Marine has signed a deal for 12 feeder containership newbuildings with compatriot Hyundai Mipo Dockyard (HMD). The $360m deal brings the company’s total spending on newbuildings this year to over $682m.

HMD is expected to deliver the series of 1,800-teu vessels in 2022 and 2023. Sinokor is expected to be paying between $28m and $30m apiece for the Bangkomax newbuildings.

The company is also due to take delivery of four 1,080-teu boxship newbuildings from China’s Huangpu Wenchong Shipyard and six LNG-fuelled aframax tankers from Samsung Heavy Industries.

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