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Shell Said by TradeWinds in Talks to Build and Charter Tankers

By Michelle Wiese Bockmann on September 07, 2012

Royal Dutch Shell Plc (RDSA) is in talks on building and chartering as many as 20 Medium Range tankers to carry oil products, TradeWinds reported, citing unidentified shipbrokers.

Shell and shipyards Hyundai Mipo Dockyard (010620) Co., based in Ulsan, South Korea, and SPP Shipbuilding Co. are discussing constructing 10 of the vessels with options to build another 10 at a possible price of $28.5 million, according to the shipping- industry newspaper.

To contact the reporter on this story: Michelle Wiese Bockmann in London at [email protected]

To contact the editor responsible for this story: Alaric Nightingale at [email protected]

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