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Sun, Jun

Angeliki Frangou’s Navios snaps up newbuilding resales to stack product tanker orders

Angeliki Frangou’s Navios snaps up newbuilding resales to stack product tanker orders

Navios Maritime Partners has extended its orderbook by acquiring a pair of resale tanker newbuildings.

The Angeliki Frangou-led company is said to have bought two conventionally-fuelled aframax product carriers from

Navios Maritime Partners has extended its orderbook by acquiring a pair of resale tanker newbuildings.

The Angeliki Frangou-led company is said to have bought two conventionally-fuelled aframax product carriers from Pro Tanker Investment — a shipping company launched by New Changjiang Group, which owns Chinese shipbuilder Zhoushan Changhong Shipyard, where the vessels are being built.

Navios was said to be paying slightly more than $67m each for the 115,000-dwt product carriers, which will be equipped with deep well cargo pumps.

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