Metrostar contracts with New Times for suezmax series

Brokers report Metrostar Management has placed an order for two firm plus two options of China’s New Times’ 158,000 dwt suezmax design. Delivery of the firm units is scheduled from the end of 2021 with the options spilling into 2022.

No price has been reported for the contract although brokers indicate a price of around $57m per unit for the vessels which will come with scrubbers installed.

The last time the Greek owner, which is controlled by Theodore Angelopoulos, ordered new ships was back in April 2017, when it contracted South Korea’s Daehan Shipbuilding to build a pair of aframax tankers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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