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Aegean Shipping in for up to eight aframaxes

Cosco (Zhoushan) Shipyard has won an order for up to eight aframax tankers – including four options – from Greece’s Aegean Shipping Management.

The 113,000 dwt ships will start delivering in 2018.

George Melissanidis, chairman of Aegean Shipping, commented, “In this time of such global uncertainty and a dormant newbuilding market, we are renewing our commitment to international shipping.”

No price was given for the vessels, although brokers assume $50m per unit is in the right ballpark.

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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