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K Line in tanker newbuild orders with KHI and Namura

In a boost for Japanese shipbuilders Kawasaki Kisen Kaisha (K Line) has ordered three VLCCs and two aframax newbuildings.

Marcus Hand, Editor

July 7, 2016

1 Min Read
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K Line said it had ordered two VLCCs from Kawasaki Heavy Industries (KHI) for delivery in 2017 and 2018. The vessels will be built KHI’s joint venture yard in China, Nantong Cosco KHI Ship Engineering. K Line ordered a further VLCC at Namura Shipbuilding for delivery in 2018.

Meanwhile K Line’s Singapore shipowning arm K Line Pte Ltd ordered to aframax tankers from Namura Shipbuilding for delivery in 2018 and 2019.

K Line did not disclose the price of newbuildings. However, the orders come at a time when shipbuilders are desperate to secure new orders to keep their docks busy from 2018 onwards.

Ship broker Fearnelys puts the average price of VLCC newbuilding at $88m and an aframax at $48m.

K Line said the orders were in line with its newly reformed medium term management plan entitled – “value for our next century – action for the future”.

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About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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