Hyundai secures VLCC quintet order

The South Korean shipbuilder plans to construct and deliver the first four 318,000 DWT tankers by the second half of 2012 and the remaining one by 2013. The Hong Kong-listed Brightoil Petroleum earlier unveiled its plan to purchase a total of nine VLCCs, including the ones ordered from Hyundai, to become a global player in the oil transport market.