Deal Set By Magni Partners For Six New VLCCs

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Credits: REUTERS/Fadi Al-Assaad

London-based Magni Partners has made a deal to order up to six VLCCs from New Times Shipbuilding in China for $138m per vessel.

The order comes soon after one of the most famous names in Norwegian maritime Tor Olav Trøim said that Magni Partners, his private investment vehicle, would order VLCCs.

During a speech at Marine Money’s New York conference in June, Trøim told delegates that he felt that it was the right time to get back into the tanker business after a 15-year absence.

He also told the attendees that he would be getting his feet “a little wet” with just two VLCC orders due to the incredibly low global orderbook.

The details of this little “dip” into VLCC waters were revealed by Allied Shipbroking yesterday with news of two firm ships and options for up to four more.

The 320,000 dwt vessels will deliver from China in 2026 and 2027. The newbuilds will be LNG dual-fuelled just like the newcastlemaxes Trøim ordered for his dry bulk venture, Himalaya Shipping.

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Source: Splash247