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Valles back in Japan for an aframax

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.

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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