Released under the GIC Framework
Daewoo Shipbuilding and Marine Engineering Co. has won orders to build five 160,000 dwt SUEZMAX tankers at a cost of about Won400bn ($348.6m) for Angola's national oil company, Sonangol.
The shipbuilding contracts between the two companies were signed in Lisbon on Saturday, 20 February.
The 274 m long, tankers will have a beam of 48 m and a service speed of 15.4 knots. They will be delivered by the shipbuilder between mid-2011 and early 2013.