Eastern Pacific takes aframax brace at Hanjin Subic

Idan Ofer’s Eastern Pacific is being linked by brokers to a pair of aframax orders at Hanjin Heavy Industries & Construction’s yard in Subic Bay in the Philippines.

The 114,000 dwt tanker pair are thought to be costing $43m each and once delivered in 2019 will add to Singapore-based Eastern Pacific’s 18 aframaxes already trading.

Hanjin Heavy’s yard in the Philippines now has a greater orderbook than its parent on home soil back in South Korea.

It is busy building three 20,600 teu containerships at the moment. Hanjin Heavy founded its Philippine affiliate nine years ago and it has since become one of the ten largest yards in the world.

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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