Navig8 goes for LR1s

Mar 07 2014

STX Offshore has confirmed that Navig8 has ordered eight firm, plus four optional LR1s.

All the vessels are scheduled to be delivered by June 2016. The price per vessel works out at around $48 mill, the shipyard said.

Kuwait Oil Tankers (KOTC) announced this week that it had taken delivery of the VLCC ‘Al-Fintas’ and the MR ‘Burgan’ as part of its fleet replacement programme.

These deliveries form part of the third phase of the programme of nine newbuildings, KOTC said. 

’Al-Fintas’ is the first of five tankers to be delivered to KOTC from Daewoo Shipbuilding and Marine Engineering (DSME).

The 10^th vessel under the Brazilian Government’s Promef fleet modernisation programme was launched on 28^th February.

The ‘Irma Dulce’ is the second in a series of four Panamaxes and will be delivered to Petrobras’ shipping arm Transpetro.

In the charter market, Koch was reported to have fixed the 2007-built Suezmax ‘Aegean Horizon’ for six, option six, months at $18,000 and $21,000 per day for the respective periods.

NORDEN was thought to have taken the 2012-built MR ‘Miss Benedetta’ for 12 months, option 12 months, at $14,750 per day and Laurin was said to have fixed the 2010-built ‘Pacific Marchioness’ for 18 months at $14,900 per day.

There was also plenty of activity in the S&P sector recently. The buyer of the VLCC ‘Ulysses’, reported last week and since confirmed by Independent Tankers, was Bumi Armada, which has tendered for an FPSO contract. The price paid was thought to be a reasonably firm $28 mill.

Two Suezmaxes whose sales were said to have failed have now been reported as resold. The 2002-built ‘Elsewin’ was believed sold to Ridgebury Tankers for $23.7 mill, while the 1998-built ‘Kim Jacob’ was said to have been committed to Greek interests for $14.5 mill.

The Aframax sisters ‘Pink Stars’ and ‘Orange Stars’, built 2010-2011, were believed to have been sold to Atlas Maritime for about $90 mill en bloc.

Two Handysizes were also reported sold. The 2001-built ‘Cielo Di Parigi’ was thought committed to Navimar for $13.75 mill and the 1994-built ‘Meridana’ was said to have been taken by Anmol Holdings for $7.5 mill.