Under the deal reached between the parties, Olympic Shipping will pay a total of USD 162 million for the duo, representing a price of USD 81 million a piece.
The VLCCs in question are the Crude Med and Crude Progress which are currently under construction at the South Korean shipbuilder Hyundai Heavy Industries.
Featuring a length of 333 meteres and a width of 60 meters, the news ships are scheduled for delivery in April and June 2017.
With a capacity of 344,600 cbm, the ships will become a part of Olympic Shipping’s fleet of 17 tankers and 10 bulk carriers.
