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Sentek Marine orders suezmax quartet at New Times Shipbuilding

Photo of Jason Jiang Jason JiangNovember 4, 2019
313 Less than a minute

Singapore’s Sentek Marine & Trading has placed an order with China’s New Times Shipbuilding for the construction of four 158,000 dwt suezmax crude tankers.

According to shipbroking house Clarksons, the vessels are scheduled for delivery in 2021 and 2022.

A price for the deal was not diclosed. The current price for a newbuild 158,000 dwt suezmax tanker is around $63m.

The deal marks Sentek’s entry into the mid-size crude tanker market. The company currently operates a fleet of bunkering tankers, two VLCCs and two FSUs.

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Photo of Jason Jiang Jason JiangNovember 4, 2019
313 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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