Procopiou lines up near-$1bn Hengli eight-ship package

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Dynacom, led by George Procopiou, has contracted Hengli Heavy Industries in Singapore for eight new ships, including VLCCs and very large ammonia carriers, in a near-$1 billion deal that expands a significant owner-yard program in shipping.

George Procopiou’s Dynacom has returned to Hengli Heavy Industries with another eight newbuildings in a package worth close to $1bn, further expanding one of the largest owner-yard programmes in shipping. Hengli has confirmed contracts covering eight vessels spanning VLCCs and 93,000 cu m very large ammonia carriers. The yard has not publicly broken down the …