Cido linked to VLCC quartet at HD Hyundai

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Hong Kong-based Cido Shipping is reportedly linked to a newbuilding contract for four VLCC tankers at HD Hyundai’s Philippines shipyard. The deal involves large crude carriers scheduled for delivery between 2029 and 2030, valued at about $130 million each.

Hong Kong-based Cido Shipping is being linked to a fresh VLCC newbuilding deal at HD Hyundai’s Philippines yard. Shipbuilding sources suggest the diversified owner has been tied to four 300,000 dwt tankers priced at around $130m each. Delivery of the quartet is understood to be lined up between 2029 and 2030. No official confirmation has …