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.