UAE-based oil and petroleum products trader Onex DMCC is adding a pair of medium-range product tanker newbuilds from South Korea.
The subsidiary of private infrastructure group Onex has contracted two 50,000 dwt ships at Hyundai Mipo Dockyard in Ulsan worth about $53.5m each, according to multiple shipbuilding sources.
The order from an unnamed Middle East company was revealed earlier this month by HD Korea Shipbuilding & Offshore Engineering, the holding entity overseeing the shipyards of South Korea’s conglomerate HD Hyundai.
The newbuilds will be scrubbed-fitted and delivered in 2026, joining Onex’s fleet of five tankers, of which three LR2s were delivered from Hyundai Samho Heavy Industries in 2021.
Onex in for MR newbuilds at Hyundai Mipo
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