Daewoo Shipbuilding wins new oil tanker deal from Greece

(Yonhap News Agency) South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. said Monday it has signed a deal to build two oil tankers for a Greek firm.

Under the agreement with Maran Tankers Management, a unit of Greece’s largest shipper, Angelicoussis Shipping Group, a company described as ‘a supporter of the Greek flag’, Daewoo Shipbuilding plans to deliver the tankers by early 2017, the company said in a press release.

The financial terms of the contract were not disclosed.

Daewoo Shipbuilding said it also signed a separate deal with Angelicoussis last month to build two very large crude carriers (VLCC).

The latest deal will raise the number of ships delivered or to be delivered by the South Korean shipbuilder to the Greek company and its affiliates to a total of 84 since their first deal in 1994.