Greek owners back at DSME for more tankers

Greek owners are finishing the year like they started it – by ordering tankers in South Korea. John Angelicoussis was back in Seoul this week to add a second FSRU on his orderbook at Daewoo Shipbuilding & Marine Engineering as well as an LNG carrier. Both orders are via the Greek owner’s Maran Gas unit.

Angelicoussis is now just two ships shy of a century in terms of the number of ships he has ordered at DSME since his first one there in 1994.

Meanwhile, the Embiricos family controlled Aeolos Management signed a contract with DSME for a VLCC as part of a fleet rejuvenation program.

In total the three orders add $480m to DSME’s depleted coffers, a timely fillip as the end of the year approaches. DSME has now won 25 ship orders this year, worth close to $3bn, twice as much as 2016 when it came close to bankruptcy.

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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