Sonangol presses on with fleet expansion with $190M tanker deal at HD Hyundai

Sonangol Shipping Holding Limited, part of Angola’s state-controlled oil company Sonangol EP, has booked a pair of 158,000 dwt Suezmax tankers at South Korea’s major HD Hyundai Heavy Industries, according to Greek shipbroker Intermodal.

It has been disclosed that the shipbuilding contract the two parties signed is valued at around $190 million, with Sonangol expected to cash out roughly $95 million per unit, Intermodal revealed. The eco-friendly tanker duo is scheduled to be delivered in 2027 and 2028, respectively.

According to