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Sovcomflot in for more Samho aframaxes

Sovcomflot in for more Samho aframaxes

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One of the most aggressive buyers of aframax newbuilds this year is back in South Korea for more. Broker Intermodal lists Russian shipping giant Sovcomflot ordering another two 114,000 dwt aframaxes at Hyundai Samho. The ships are costing $60m each with delivery set for 2019.

In March, Sovcomflot ordered four aframaxes at the same yard – the first ever to run on LNG and have been designed and ordered in association with energy major, Shell.

In late September Sovcomflot joined hands with Rosneft, the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex to build five gas-powered aframax tankers on local soil.

 

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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.

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