Japanese firms dive in for more product tankers

Big name Japanese companies have dived in for new product tankers. Brokers report Marubeni has signed for two 79,900 dwt LR1 tankers at Onomichi shipyard with 2020 deliveries. The trading house always orders on home soil.

Meanwhile, Nissen Kaiun, in the midst of a significant fleet renewal programme, has booked two MR2s at Japan Marine United with delivery during 2019, closing out slots at one of Japan’s largest shipbuilders.

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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