Trafigura confirms buy

Trafigura has confirmed reports it has placed an order for up to eight medium-range (MR) product tankers at China State Shipbuilding Corp affiliate Guangzhou Shipbuilding International.

In an email that put an end to talk that made TradeWinds headlines earlier in the day a spokesman said the contract includes four 50,000-dwt eco-type vessels and an equal number of options that don’t expire until later this year.

The commodities giant declined to pin a price tag on the ships, which are due for delivery in 2014, but newbuilding sources claim they will cost around $32m a piece.

“The modern hull design and energy efficiency of our fleet, combined with Trafigura’s financial security and experience in shipping and chartering will help build a highly competitive offering in the marketplace,” the spokesman added.

They also noted the group's newbuildings will be operated by desks in Athens, Geneva, Houston and Singapore, which was billed as a “service centre” for commodities traders and staffers who dabble in paper and physical freight.

While the MR order is a first for Trafigura back in January it acquired four from the second-hand market and says its fleet of chartered tonnage now includes between 50 and 60 tankers and 30 to 40 bulkers at any given point in time on average.

TRENDING TODAY