This is an updated version of a story published on July 17.
The Overseas Shipholding Group has signed binding contracts with Hyundai Mipo Dockyard for the construction of two 50,000 deadweight tonne product chemical tankers.
These tankers will be constructed at HMD's Ulsan, Korea ship building facilities and will be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within Emission Control Areas.
In addition, each vessel will have installed exhaust gas cleaning systems, often referred to as "scrubbers", to meet the standards of MARPOL Annex VI Regulation 14 standards regarding sulphur oxide emissions.
OSG will pay US$74 million for the construction of the two ships, which are scheduled for delivery during the second half of 2019.