BW behind Samsung VLCC quartet

BW behind Samsung VLCC quartet

Proving that BW Group is far from fully exiting the VLCC scene having sold its supertanker fleet to DHT Holdings in return for a majority stake, the Sohmen-Pao led firm has revealed it has ordered four VLCCs at South Korea’s Samsung Heavy Industries with options.

“BW Group has contracted 4 VLCCs at Samsung Heavy Industries with various options attached, including other ship types,” a spokesperson for the Singapore group told Splash today.

The order represents the first VLCC orders for Samsung Heavy in more than half a decade.

“DHT has been kept abreast of the talks along the way, and BW/DHT will cooperate on these vessels. The intention is to enter into discussions to grant DHT an option to acquire the vessels, or manage the vessels commercially/technically,” the BW spokesperson added.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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