Xin Yuan Ocean Orders Tanker from Compatriot Shipyard

China-based shipowner Xin Yuan Ocean has opted to order a small dirty tanker, with an option for another vessel of the same kind, from a compatriot shipbuilder Fujian Mawei Shipbuilding.

According to data provided by VesselsValue, the company placed the order for the new ship on June 7.

The vessel in question will feature 7,500 dwt and is expected to join its owner in 2018, while its sister ship, if ordered, would be delivered in 2019.

Although the financial details of the agreement were not disclosed, VesselsValue informed that the ships have a combined market value of around USD 22 million.

Xin Yuan Ocean currently operates one small dirty tanker, the 8,000 dwt Rostella. Built by China’s Quingshan Shipyard, the vessel, which has a market value of USD 17.8 million, was delivered to the company in April 2017.

World Maritime News Staff

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