Japanese head to NACKS for VLCCs

Japanese head to NACKS for VLCCs

Japanese trading house Mitsui and compatriot shipping line Iino Kaiun Kaisha have managed to negotiate early delivery slots at a Sino-Japanese yard for three VLCCs.

Iino Kaiun Kaisha has ordered a pair of 312,000 dwt tankers at NACKS, the Nantong yard operated by Cosco and Kawasaki Heavy. Mitsui has ordered one identical VLCC at the yard, according to multiple broking reports. No price has been given for the three newbuilds, all of which will deliver next year.

The three slots taken by the Japanese companies have now filled up NACKS’s orderbook through to the first quarter of 2021.

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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