Sungdong building suezmaxes for Kyklades Maritime

Athens: Greece’s Kyklades Maritime has ordered up to five suezmax vessels from South Korea’s Sungdong Shipbuilding & Marine Engineering.

The contract comprises firm orders for three 158,000-dwt dirty tankers, priced at $66m each, plus options for two more.

The ships are due to hit the water in 2017, Sungdong says, and will be built to a fuel-efficient design.

“In the last five years, we have been anticipating the demand to replace vessels with eco-ships and this has produced good results,” Jung Yung-joon, general manager of Sungdong’s basic ship design division, said in a statement. “We have created ‘eco’ designs for all our commercial ships and the designs have been shown to produce fuel savings of at least 10%.”

The ships will be 27 metres in length, 48 metres in breadth and 23.1 metres high.

Kyklades currently operates six Aframax tankers, three suezmaxes and an LR2 tanker. The Aristidis Alafouzos-led company has a total of 14 newbuildings on order across all three of these sizes.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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