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Valles orders aframax at Daehan

Having been pruning its fleet of elderly tonnage of late, Hong Kong’s Valles Steamship has decided to make a rare newbuild order.

Brokers report that the Koo family controlled owner has gone to Daehan in South Korea for a 115,000 dwt aframax. The ship will deliver next year and comes with a $52m price tag.

Valles, which exited dry bulk last year, is now a pure tanker player. Its current fleet on the water consists of seven aframaxes and three handy tankers. It also has a pair of tankers being built at Sumitomo in Japan.

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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