J Ludvig Mowinckel has provided insight for the first time on reports that the company is in the process of ordering a series of suezmax tankers at China’s New Times Shipbuilding.
TradeWinds reported in June that the Norwegian shipowner was working with Fearnley Securities on a $53m private placement for the project under the flag of Mowinckel Crude Tankers.
The deal would see the company order for two firm vessels for delivery in 2022 plus two options, with each ship costing in excess of $52m.
