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Bihar in Chinese tanker swoop

Allied Shipbroking is reporting that Bihar International from Saudi Arabia has ordered up to eight tankers at New Times Shipbuilding in China.

The deal is for two firm plus two option aframaxes as well as two firm plus two option two 55,000 dwt MR chemical tankers all for delivery in 2018.

Allied puts the aframaxes down as $41m each while the chemical tankers are priced at $35m each. The chemical tankers come with 18 tanks each.

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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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