NYK places orders for four VLCCs

Japan’s Nippon Yusen Kaisha (NYK) is keeping compatriot shipyards busy. The giant shipping line has just inked contracts for four VLCCs at two local shipbuilders for delivery in 2019 and 2020.

Japan Marine United will build three of the tankers with Namura Shipbuilding tasked with building the final one. No price has been revealed, but brokers suggest NYK is likely paying in the region of $85m per unit.

NYK’s diverse fleet currently includes 29 VLCCs, most of which tend to trade on long term charters to local oil firms.

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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