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$110m for new VLCC

$110m for new VLCC
Japanese tanker owner Kawasaki Kisen Kaisha (K Line) has acquired a VLCC newbuilding paying $110 million.

Japanese tanker owner Kawasaki Kisen Kaisha (K Line) has acquired a VLCC newbuilding paying $110 million.

Japanese tanker owner Kawasaki Kisen Kaisha (K Line) has acquired a VLCC newbuilding put up for sale by the owner that placed the original order, reports said. The Tokyo-headquartered ship operator is reportedly paying $110 million for the VLCC, which is being built at the Imabari Shipbuilding yard in Saijo, Japan. Delivery was scheduled in June for the original owners whose identities have not been officially confirmed. Brokers tell Tankerworld that $110 million is a ?very good price for a VLCC from a Japanese yard.?

One was ?confident that the original owners had locked-in a higher contract price? for the newbuilding.

Other sources have speculated that the original owner could be fellow Japanese operator Nissen Kaiun Kaisha.

Data from Clarkson Research suggests that three VLCCs of the same size are on order at Imabari, with two owned by Nissen Kaiun Kaisha and the third belonging to an unknown party.

Delivery date for the third belonging to the unknown party is said to be the closest to dates slated for delivery of K Line's acquisition.

K Line's current fleet has been reported at 488 vessels including 51 tankers and gas carriers.

These 51 tankers include six VLCCs with orders for three more , said Clarkson.

www.TurkishMaritime.com.tr

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