Mr. DY Han, Senior Executive Vice President of HHI and Member of GL's Korean Shipbuilding Committee, signed the contract with Dr Hermann J. Klein, Germanischer Lloyd's Member of the Executive Board, at the opening of the shipbuilding trade fair SMM in Hamburg yesterday.
Steel cutting for the first vessel will begin in November 2010 at HHI's yard in Ulsan, Korea. With a construction time of nine months per vessel, the final ship will be delivered in June 2012.