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Greek shipowners Callimanopulos tanker broke $ 500 million investment mark

  • Author:Simon
  • Source:Global Logistics Network
  • Release Date:2016-01-07
Greece's owner Gregory Callimanopulos shipping company Trade & amp; recently exercised its option to Transport company, announced that it entered into force in China Shipping Industry (Jiangsu) custom-made for three Suezmax tankers and three alternate LR2 Aframax product tanker order. This allows the company to custom-made tanker investment exceeded $ 500 million mark.

According to the trade wind reports, 2 + 3 Suezmax tanker alternate order for the company to enter into force in the summer and in the sea Industry (Jiangsu), signed and 2 + 3 LR2 Aframax product tanker order options orders. According to sources it said the alternative order is not yet fully in force, but in the short term will be fully met. Taking into account the cost of each ship Suezmax tankers more than 60 million US dollars, while the LR2 product tanker type a cost of $ 50 million per aircraft, the total transaction is expected to reach $ 550 million.

It is understood that in the Trade & amp; Transport massive expansion of the tanker fleet at the same time, Callimanopulos company's offshore support vessel Toisa and ea Lion market downturn in oil prices is being seriously affected. Callimanopulos said the expansion of the fleet of great significance.

Tankers has become the Trade & amp; Transport's main Ship operators , Callimanopulos currently has a total of 13 oil tankers in the camp, including Suezmax tankers, Aframax tankers and LR-type product tanker. In addition, the company also owns two bulk carriers.

Callimanopulos said that the current date Suezmax tankers in the spot market, the amount of profit has more than 50,000 US dollars, while the LR2-type product tanker freight rates in the Arab Gulf region also exceeded the $ 30,000 / day level.

Callimanopulos been with Chinese shipyards Establish long-term cooperative relationship, this year has been in New Yangzi Shipbuilding owner has ordered five 82,000 dwt bulk carriers.