Japanese shipowner MOL has chartered three VLECs from Samsung Heavy Industries for delivery by December 2027 at $168m each, with SCG Chemicals as the long-term charterer. These vessels will feature dual-fuel ethane propulsion engines to reduce emissions, expanding MOL’s presence in the VLEC sector to 12 vessels out of 90. Additionally, MOL has three VLECs under construction at HD Hyundai Heavy Industries yard for delivery in the first half of 2027, tied to charter contracts with Reliance Industries.
Full Article
OCBC says it will not make further offers for Great Eastern even if delisting proposal fails
Oversea-Chinese Banking Corp (OCBC) announced it will not pursue another offer to acquire the remaining shares of Great Eastern if shareholders reject the delisting proposal on July 8. OCBC, which currently owns 93.72% of Great Eastern, plans to maintain its non-voting shares to restore free float and trading if the delisting does not proceed. Need More Context? 🔎
Read more