The Business Times
business-time-50

Hyundai Merchant Marine to invest 470.3b won in new oil carriers

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 31, 2017 · 08:54 AM

    [SEOUL] South Korea's largest shipper, Hyundai Merchant Marine, will invest 470.3 billion won (S$568.4 million) in five new very large crude oil carriers (VLCCs), the company said on Thursday.

    It will also invest 181.9 billion won in two container ships, the company said in a separate filing.

    The investments, due to be completed by September 2019 and May 2018 respectively, aim to boost the competitiveness of its fleet and services.

    REUTERS

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Ong Siew Kwee was convicted on one count each of abetting forgery, criminal breach of trust and lying under oath in May.

    Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    DBS Group Research expects bank stocks to consolidate following their stellar run, as valuation multiples remain high and cash distributions pause.

    DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that’re unlocking value

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More