Sungdong bags shuttle tanker newbuild

Sungdong Shipbuilding has signed a contract with Tsakos Group of Greece to build a 157,000 dwt shuttle tanker, Seatrade Asia online reports.

The vessel is due to be delivered in 2014 and Tsakos has an option for a second shuttle tanker. Sungdong moved into the shuttle tanker business last year with an order for two such vessels in March 2011.