Hong Kong’s Valles Steamship run by the Koo family has gone to Japan for its latest order. Brokers report that the 102-year-old company has ordered a single 112,000 aframax at Sumitomo’s Yokosuka yard. The ship is scheduled to deliver at the end of next year.
The Valles fleet mix has become ever more weighted towards tankers in recent years. The conservative owner’s fleet today has 12 ships in the water, made up of 11 tankers and one bulker. As well as the Sumitomo ship, Valles has one other aframax on order in Japan at Namura.