Pistiolis fires in for more suezmaxes

Central Shipping Monaco, owned by Evangelos Pistiolis, has exercised options for two 157,000 dwt suezmax tankers at Hyundai Samho in South Korea. No price has been revealed for the pair, which will deliver in the first quarter of 2020. As with its firm units, the Pistiolis options will be fitted with scrubbers.

The order cements news that Hyundai Samho has finally filled out all its berths for next year. The yard is an affiliate of Hyundai Heavy Industries. With three drydocks, Hyundai Samho can build up to 50 ships a year, with tankers leading its orderbook.

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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