The Greek rush for tanker newbuilds continues apace. Brokers are linking Pantheon Tankers with an order for a brace of 114,700 dwt aframaxes at Hanjin Heavy Industries & Construction’s yard in Subic Bay in the Philippines. The Tier III ships will deliver in 2019 and are costing $43m each.
In July, Pantheon bought a six-year old aframax for $28m. Its fleet now numbers just over 20 ships with an orderbook featuring five vessels under construction in Japan, South Korea and now the Philippines.
Greek owners started the year in strong tanker ordering mode and after a lull are closing out 2017 as they began with a host of orders raining in at Asian yards.
