D’Amico Tankers (Ireland) has ordered two more LR1s from Hyundai Mipo Dockyard for $44 mill each.
The vessels will be built at the Hyundai Vinashin Shipyard in Vietnam, and will be constructed to a fuel-efficient ‘eco’ specification, parent company d’Amico International Shipping (DIS) said.
Delivery of the ships is expected in the second half of 2017 and in the first three months of 2018.
The LR1 newbuildings will be of a similar design to the three LR1s the company ordered in April from the same shipyard, which marked the Italian owner’s entry into the LR1 market.
“This investment is fully in line with DIS’ strategy to modernise its fleet through newbuildings with eco innovative design and will also strengthen our presence in what I see as a very promising segment (LR1–75,000 dwt) within the product tanker market,” Marco Fiori, DIS CEO, said.
“The trend of our industry is pointing towards an expansion of the tonne/mile demand, following the concentration of the world refining capacity in the US and in the Middle and Far East. In this context, I believe LR1s, with their larger cargo capacity, will be in great demand in the years to come, thanks to their ability to carry larger quantities on the same distances.
“In fact, we are actually seeing a constantly growing demand from oil majors and leading market players for these types of ships,”he stressed.
Brokers have reported this week that Arcadia has ordered two Suezmaxes at HHI for 2016-20127 delivery for $65 mill each and also said that Thenamaris had ordered two LR2s at Sungdong for $56 mill each and two crude Aframaxes at Sumitomo, plus two VLCCs at HHI for $95.5 mill each. Some of these reports might concern previous orders.
There were also a few newbuilding resales reported.Sinokor was believed to have acquired two MRs building at SPP for $37.2 mill each, while two Scorpio Aframax newbuildings were said to have gone to Minerva for $56.5 mill each.
In the S&P sector, Navios was rumoured to have snapped up the 2003-built VLCCs ‘Energy R’ and ‘Power D’ for $43 mill each, while Pratibha was thought to have paid $22.5 mill for the 1998-built Suezmax ‘Beijing’.
The elderly 1992-built MR ‘Palenque II’ was said to have been sold to Nigerian interests for $3.2 mill and the 2002-built Handysize ‘Ghetty Bottiglieri’ was thought to have been sold to Greek interests for $14 mill.
Maersk Tankers was thought to have continued its fleet replacement programme with the purchase of the Frontline controlled 2013-built MR ‘Sea Auva’ for $29 mill.
Croatian joint stock shipping company Tankerska Next Generation (TNG) has secured employment for a minimum of three years for its newbuild MR ‘Zoilo’, the fourth in its fleet.
The company confirmed that once delivered, the tanker will be chartered out for around $17,750 per day for three years. A charterer’s option allows for an additional one year extension at about $19,750 per day.
In other fixing news, BP was believed to have taken the 2006-built VLCC ‘Gloric’ for 18 months at $43,500 per day, while Unipec was said to have fixed the 2006-built VLCC ‘Cosgrand Lake’ for 12 months at $45,000 per day.
Koch was believed to have taken the 2010-built Suezmax ‘Achilleas’ for 18 months at $30,850 per day, while the Suezmax sisters ‘Front Brabant’ and ‘Front Ardenne’ were said to be on subjects to India Steamship for 12 months at $29,000 per day each.
Trafigura was again active fixing the 2015-built Aframax ‘Seriana’ for three years at $25,000 per day and the 2007-built Aframax ‘Seafalcon’ for two years at 23,500 per day. Petrochina was believed to have taken the 2011-built ‘Green Warrior’ for 60 days at $36,500 per day.
Cargill was said to have fixed the 2015-built MR ‘Active’ for two years at $17,500 per day, while Koch was believed to have fixed the 2014-built MR ‘St Jakobi’ for six months at $18,250 per day.