Splash 247

Sentek Marine orders up to four VLCCs

Sentek Marine orders up to four VLCCs

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 80
            [name] => Asia
            [slug] => asia
            [term_group] => 0
            [term_taxonomy_id] => 80
            [taxonomy] => category
            [description] => This is the Splash 24/7 news archive related to the Asian Region. News are sorted by release date, from the latest to the oldest.

Find here the updated list of the latest news about Asia. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 55
            [count] => 6209
            [filter] => raw
            [cat_ID] => 80
            [category_count] => 6209
            [category_description] => This is the Splash 24/7 news archive related to the Asian Region. News are sorted by release date, from the latest to the oldest.

Find here the updated list of the latest news about Asia. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Asia
            [category_nicename] => asia
            [category_parent] => 55
        )

    [1] => WP_Term Object
        (
            [term_id] => 66
            [name] => Bunkering
            [slug] => bunkering
            [term_group] => 0
            [term_taxonomy_id] => 66
            [taxonomy] => category
            [description] => Stay updated on what's going on in the bunkering sector by browsing the bunkering news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about bunkering. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 159
            [filter] => raw
            [cat_ID] => 66
            [category_count] => 159
            [category_description] => Stay updated on what's going on in the bunkering sector by browsing the bunkering news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about bunkering. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Bunkering
            [category_nicename] => bunkering
            [category_parent] => 54
        )

    [2] => WP_Term Object
        (
            [term_id] => 63
            [name] => Shipyards
            [slug] => shipyards
            [term_group] => 0
            [term_taxonomy_id] => 63
            [taxonomy] => category
            [description] => This is the Splash 24/7 news archive related to the shipyards sector coming from all over the world. News are sorted by release date, from the latest to the oldest.

Read the latest news about shipyards.  Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1316
            [filter] => raw
            [cat_ID] => 63
            [category_count] => 1316
            [category_description] => This is the Splash 24/7 news archive related to the shipyards sector coming from all over the world. News are sorted by release date, from the latest to the oldest.

Read the latest news about shipyards.  Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Shipyards
            [category_nicename] => shipyards
            [category_parent] => 54
        )

    [3] => WP_Term Object
        (
            [term_id] => 58
            [name] => Tankers
            [slug] => tankers
            [term_group] => 0
            [term_taxonomy_id] => 58
            [taxonomy] => category
            [description] => Stay updated on what's going on in the shipping and tankers sector by browsing the tankers news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about tankers. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1354
            [filter] => raw
            [cat_ID] => 58
            [category_count] => 1354
            [category_description] => Stay updated on what's going on in the shipping and tankers sector by browsing the tankers news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about tankers. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Tankers
            [category_nicename] => tankers
            [category_parent] => 54
        )

)

Singapore’s Sentek Marine is determined to become a serious VLCC player to add to its leading position as a bunker supplier. The company, which bought its second VLCC this January, the 21-year old OS Concord, has decided the time is ripe to order its first new supertankers.

South Korea’s Hyundai Heavy Industries (HHI) has revealed Sentek Marine has gone for two firm plus two options of the yard’s 300,000 dwt VLCC design.

The two firm vessels are due for delivery in the first half of 2019 from Hyundai Samho Heavy Industries. For HHI after a miserable 2016, the first four months of this year have seen orders pour in, especially for VLCCs with prices deemed cheap in the region of $80m per unit.

Sentek Marine is one of the top three bunker players in Singapore, the world’s largest bunkering hub.

Share this article

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts