Pantheon inks deal for first Chinese newbuilds

Pantheon inks deal for first Chinese newbuilds

In a busy month for Anna Angelicoussis-controlled Pantheon Tankers Management, the Athens-based company has signed a letter of intent for its first ever Chinese-built newbuilds. The ships – two firm 115,000 dwt aframaxes plus two options – will be built at Shanghai Waigaoqiao Shipbuilding, costing $44.8m each with delivery set for next year and 2021, according to brokers Intermodal.

Earlier this month, Pantheon took delivery of two MR tankers from STX Offshore & Shipbuilding in South Korea, while last month Splash reported Pantheon had sold its 2004-built 318,000 dwt VLCC Sea Lynx to Thailand’s Nathalin Group. The South Korean-built vessel fetched a price of $31.5m and is set to be used for storage purposes.

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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