Pleiades Shipping takes two at Hyundai Mipo

After a dreadful 2016 South Korean yards have won more orders in the first 10 days of 2017 than it did in the whole of the first quarter last year. The latest order comes from Greece with Pleiades Shipping reported by brokers as in for two firm plus two option 50,000 dwt product tankers at Hyundai Mipo Dockyard. The ships due for delivery in 2018 are costing $33.5m each.

Pleiades has a crude tanker fleet of eight panamaxes and two aframaxes as well as two product tankers. Historically it has chosen to build most of its ships in Japan.

Earlier this week Splash reported Hyundai Mipo Dockyard, another Korean yard, has secured an order for one 50,000 dwt MR product tanker from compatriot firm Sangji Shipping, due for delivery in 2018.

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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