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Kyoei Tanker Orders Another VLCC from Namura Shipbuilding

Japanese shipowner Kyoei Tanker has ordered another very large crude oil carrier (VLCC) from compatriot shipbuilder Namura Shipbuilding.

The carrier is scheduled to be delivered in 2021, according to the shipowner who did not reveal financial aspects of the order.

Kyoei just noted that the 310,000 dwt VLCC was ordered “at a fair value under current market conditions.”

The order for the ship follows Namura’s delivery of the similarly-sized VLCC Tenryu to Kyoei Tankers in July this year.

The shipbuilder has another unit for delivery to Kyoei by the end of the year, according to VesselsValue data.

Kyoei also has VLCCs on order from Japan Marine United.