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.