George Prokopiou-led Dynacom Tankers has used the lull in newbuild orders to bag a bargain from hungry Chinese yards.
Brokers report Dynacom has inked a deal with Dalian Shipbuilding Industry Co (DSIC) for a pair of 310,000 dwt VLCCs. The ships are priced at $83m each and will deliver in 2022.
Banchero Costa described the price tag as “sensibly softer” when compared to other VLCC orders placed recently with the current benchmark price for a newbuild VLCC around $1m more than what Prokopiou has paid.
After a disastrous start to the year thanks in large part to the coronavirus, Chinese yards are getting back to work, eager to fill out slots for late 2021 and early 2022 and brokers report that prices are extremely negotiable in the People’s Republic at present.