Pantheon adds to Greek tanker ordering rush

Pantheon adds to Greek tanker ordering rush

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.

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.

Related Posts