Live From Posidonia 2016

Live From Posidonia 2016

The Seatrade Maritime reporting team bring you all the key stories in the run-up to, and live on the ground during, Posidonia 2016, the international shipping exhibition with the largest gathering of Greek and international shipowners.

News:Europe

Maran in $1bn newbuilding boost for DSME

In a boost for embattled Korean shipayard Daewoo Shipbuilding & Marine Engineering (DSME) inked an order with Maran Tankers and Maran Gas Maritime for two VLCCs plus two options and two LNG carriers plus two options on Wednesday.

The deals with John Angelicoussis companies was signed in Athens during a visit by Sung-leep Jung president of DSME to attend Posidonia.

The 318,850 dwt VLCCs are priced at $84.6m a piece while the 180,000 cu m LNG are $185m in each.

This potentially makes the deal an over $1bn shot in the arm for DSME.

The orders come during a week when many Greek owners such as Nikolas Tsakos have made a plea for shipowners to invest in secondhand tonnage rather than newbuildings for the sake of the health of the market.

Prior to the latest orders by Maran just 300 newbuildings had been ordered worldwide this year.

Posted 09 June 2016

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Marcus Hand

Editor, Seatrade Maritime News

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