GS Caltex News

HMM signs long-term crude oil shipping contract with GS Caltex

HMM has inked a long-term crude oil shipping contract, worth KRW 190 billion, with GS Caltex. Under the shipping deal, which was signed on February 1, 2018, HMM will transport a total of 19 million tons of crude oil, from the Middle East to South Korea, over a period of 5 years, starting from July 1, 2019 to August 31, 2024. HMM - GS Caltex partnership HMM plans to deploy two 300,000 DWT Very Large Crude Carriers (VLCC), previously ordered in September 2017 Accordingly, HMM plans to deploy tw...