Tianjin Southwest Maritime orders VLECs for Zhejiang Satellite
Tianjin Southwest Maritime has signed shipbuilding contracts with Jiangnan Shipyard for a long-term charter contract with Zhejiang Satellite Petrochemical to construct two 98,000 cu m VLECs.
Last month at Hyundai Heavy Industries and Samsung Heavy Industries, Satellite Petrochemical set an additional six VLECs through new orders for four new buildings and a 15-year charter deal with Tianjin Southwest.
The order marks the accession of Tianjin Southwest to the VLEC sector. Currently the company operates a fleet of 22 vessels consisting of 17 LPG carriers and five tankers.
Satellite Petrochemical is also looking for a sale-and-leaseback agreement to sell possession of the four new boats.
Maritime Business World