Posidonia wouldn’t be Posidonia without a Greek putting pen to paper for a headline grabbing newbuild contract. John Angelicoussis, who has form in this department, has done the dutiful: inking a stellar $580m deal at the show. His firms, Maran Gas Maritime and Maran Tankers Management, have penned deals with its favoured yard, troubled Daewoo Shipbuilding & Marine Engineering (DSME) for construction of two LNG carriers and two VLCCs respectively. The deal is the largest order any Korean yard has received this year.
The deal comes with options to double the scale of the orders.
The 173,400 cu m LNG carriers are slated for delivery in 2019 while the 318,000 dwt VLCCs are due in the first half of 2018.
DSME is going through a massive restructuring at present with many layoffs on the back of huge losses, a slumping orderbook and an alleged accounting fraud.
Angelicoussis is one of DSME’s most regular clients – and also has a habit of going for high profile contracts every couple of years during Posidonia week.
