ASP Group MR Bitumen/Oil/Chemical Tanker

The building contract signing ceremony for the 50,300 dwt ASP Group MR Bitumen/Oil/Chemical Tanker took place at the Hyundai Heavy Industries office in Seoul, Korea on 28 January. ASP CEO David Borcoski and COO Bob Bird represented the owners and Jon Kelly CEO, represented the New Zealand charterers Coastal Oil Logistics Ltd (COLL). Hyundai HMD Shipyard was represented by Mr Sam H. Ka, Board Member, SEVP, COO, Group Ship/Offshore Marketing Division with other Hyundai HMD Shipyard senior executives (see caption below). After the official signing of the contract, gifts were exchanged, followed by a celebratory luncheon hosted by the builders. Construction is expected to commence later this year, following ongoing plans, drawings and equipment list approvals.