Cido in for VLCC brace at Hyundai Heavy

Multiple broking reports carry news that Hong Kong-based Korean owner Cido Shipping has placed its first newbuild orders since 2015.

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Cido, which has spent much of the past decade downsizing its fleet, has tapped Hyundai Heavy Industries to build a pair of 300,000 dwt VLCCs.

The scrubber-fitted tankers will deliver in the second half of 2022 and come with a price tag of $88.5m each.

 

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