Wah Kwong Maritime Transport Holdings is heading back to a familiar shipyard, Shanghai Waigaoqiao Shipbuilding (SWS), for a pair of 115,000-dwt crude carriers after selling its tanker holdings down to three VLCCs.
TradeWinds understands that the aframaxes are to be delivered in the first quarter of 2017. Sources say the price is $51.7m per ship.
Online valuation platform VesselsValue.com gives the value of a 110,000-dwt aframax for delivery in 2017 at $59.05m.
