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BP Shipping orders 14 product tankers from Mipo

The oil company joins the ranks of investors and shipowners who have invested large sums in product tankers in 2013.

BP Shipping has signed a contract with Korean Hyundai Mipo Dockyard for 14 MR product tankers, and the big oil company thus joins the ranks of shipowners, operators, and investors who have ordered MR (Medium Range) ships on a large scale in 2013.

According to Lloyd's List nine of the 14 ships will be 50,000 dwt each, at a price reported by Clarkson to be USD 34.5 million (the price range for the segment 47,000 to 51,000 dwt).

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