Trafigura supports order for up to 32 newbuild crude oil and product tankers

Trafigura supports order for up to 32 newbuild crude oil and product tankers


Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has announced its support for an order of up to 32 new build crude oil and product tankers which will be built in both Korea and China.

The order, with a potential value in excess of $1.35bn, is being placed by a close Asian financial partner and the vessels will be leased on delivery to Trafigura with options to purchase.

Shipping aug 2

Through this agreement Trafigura has supported a firm order for 22 crude oil and product tankers with options for a further ten vessels, consisting of Medium Range (MR) tankers, LR2s and Suezmax tankers.

The vessels will be built by Korea’s Hyundai Heavy Industries (HHI) Group, one of the world’s leading shipbuilding groups, and by one of the strongest Chinese privately owned shipbuilders New Times Shipbuilding. Vessels will be delivered from the end of 2018 through until 2019, with the majority of vessels being delivered in the first quarter of 2019.

Global Head of Wet Freight for Trafigura, Rasmus Bach Nielsen said:  “Trafigura is a leading player in global shipping with a strong team and infrastructure already in place.  This development comes at an opportune time, involving the purchase of vessels by a close Asian financial partner who was attracted by the guaranteed employment of the tankers by a strong counterparty. They are being constructed to a high technical specification and we look forward to employing them within our trading division.”

For more information visit www.trafigura.com

19th June 2017