JP Morgan tied to Hanwha VLCC brace

Splash 24716 Jul 2026Macro
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US financial giant JP Morgan has been named as the owner behind Hanwha Ocean’s latest order for two VLCC newbuildings. The South Korean yard disclosed a KRW394.3bn ($265m) contract with an unnamed North American owner, pricing the 320,000 dwt pair at about $132.5m each. Delivery is scheduled by the end of March 2030. Shipbuilding sources …