BW Pacific back at STX for two more LR1s

BW Pacific back at STX for two more LR1s

Seoul: STX Offshore & Shipbuilding has won an order for two LR1 tankers from repeat client BW Pacific.

BW Pacific already ordered four identical vessels from the Korean shipbuilder in December last year. The price for all six is around $286m and they are all due for delivery in 2016 and 2017. According to the original order in December, BW Pacific could still exercise options for another two tankers.

BW Group and PAG formed a joint venture called BW Pacific last May. PAG was formerly known as Pacific Alliance Group, and is an Asia-focused investment manager.

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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