JP Morgan tied to Hanwha VLCC brace

US financial giant JP Morgan has been named as the owner behind Hanwha Ocean’s latest order for two VLCC newbuildings. The South Korean yard disclosed a KRW394.3bn ($265m) contract with an unnamed North American owner, pricing the 320,000 dwt pair at about $132.5m each. Delivery is scheduled by the end of March 2030. Shipbuilding sources … Read full article →