Kyoei in for another Japanese VLCC newbuild

Kyoei in for another Japanese VLCC newbuild

Japan’s Kyoei Tanker continues to renew its fleet. Clarkson Research reports the Tokyo-headquartered company has signed for a 310,300 dwt VLCC at compatriot yard Namura Shipbuilding.

Kyoei has gradually been bolstering its VLCC fleet in the last couple of years, selling one older ship and ordering two VLCCs in 2016 and another pair last year, all at Japanese yards.

Kyoei’s current fleet comprises five VLCCs, five product tankers, six bulkers and an LPG carrier, which was delivered last year.

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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