Capital Maritime linked to order for LNG-powered VLCC

Marinakis-Capital

Capital Maritime & Trading is reportedly ready to finalize an agreement for new orders with Korean shipbuilder Hyundai Heavy Industries.

Capital’s interest in VLCCs fueled by LNG became known when Shell began negotiations with three major shipping companies over the construction of the first-ever “double fuel” VLCC.

Naftemporiki newspaper cites information that a letter of intent signed between the two sides reportedly refers to a 10+4 option for new double fuel vessel, and with an initial investment at roughly 1.5 billion USD.

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