Avin heads to Korea for suezmax pair

Greek owner Avin International has placed an order for two firm 158,000 dwt suezmax tankers at Hyundai Heavy Industries in South Korea, with brokers Intermodal reporting a price of $64m per unit. The ships, which deliver in 2021, are Tier II and will come fitted with scrubbers.

On the large number of tanker deals done in recent months, both for newbuilds and secondhand tonnage, Intermodal noted in its most recent weekly report: “[M]ost owners are looking ahead to the next year and the introduction of the IMO 2020 that is widely expected to be a game changer in the industry and are eager to invest despite any adverse short term fundamentals.”

Avin currently has a fleet of 36 vessels, made up of two panamax bulkers and 34 tankers of various sizes.

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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