Sponsored By

Angelicoussis books four new VLCCs at DSMEAngelicoussis books four new VLCCs at DSME

Maran Tankers Management (MTM), subsidiary of Greece’s Angelicoussis Shipping Group, has booked four VLCCs at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

Lee Hong Liang, Asia Correspondent

July 14, 2017

1 Min Read
Kalyakan - stock.adobe.com

The Korean shipbuilder announced on Friday that the new 318,000-dwt VLCCs will be designed to achieve fuel and energy efficiencies.

Financial details of the deal were not disclosed.

The latest contract is the second order from Angelicoussis Shipping Group for DSME this year. In April, it ordered three VLCCs of similar specifications as the ones from the latest order.

Last year, MTM also placed orders at DSME for two VLCCs and two LNG carriers with options.

DSME, which continues to struggle with repayment of debts amid the sluggish shipbuilding industry, has landed seven orders worth around $770m over the first half of 2017, reaching 76% of its target order of KRW2.71trn ($2.44bn) for this year.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like