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Angelicoussis back at DSME for pair of VLCCs

Photo of Sam Chambers Sam ChambersNovember 18, 2015
2 Less than a minute

Angelicoussis Shipping Group has returned to its favourite Korean yard for more VLCCs. The Greek owner has opted for two 319,000 dwt Daewoo Shipbuilding & Marine Engineering (DSME) ships, which will deliver in 2017.

Angelicoussis ordered four VLCCs and two suezmaxes at the same yard earlier this year.

Since 1994, Angelicoussis has ordered a total of 84 ships at DSME. Its current order backlog now numbers 25 ships.

Cheap, relatively early delivery ships from Korean yards are now possible given the huge exodus of offshore contracts in the past 12 months.

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Photo of Sam Chambers Sam ChambersNovember 18, 2015
2 Less than a minute
Photo of Sam Chambers

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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