Korea's Hyundai Merchant Marine (HMM) has not yet started a bidding round for its expected VLCC order.
Asian reports on Friday linked the owner to a tender for three plus two VLCCs, with another five options attached as well, for around $80m per ship.
Sources said Hyundai Heavy Industries, DSME and Samsung Heavy Industries were likely to be involved.
But an HMM spokeswoman told TradeWinds: "We haven’t started any bidding yet, but just received proposals for five VLCCs from shipbuilders."
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