Korea Line in for product tanker resales

Korea Line Corp is being tipped as the buyer of two 50,000 dwt product carriers being built at Korean controlled yard in China. Brokers suggest the Korean firm has taken the two resales for $31m each. The ships deliver next year and come with five-year timecharter backs at $14,900 per day.

While the seller has not been identified publically a glance at the yard, Samsung Ningbo’s orderbook, suggests it is likely Maersk Tankers, which contracted for a series of eight such ships at the yard, with a number delivering next year.

The move by Maersk will help plug its bottom line after another tricky quarter of financial reporting which new group ceo Soren Skou described as “unacceptable”.


Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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