Trafigura holds naming ceremony for first of 35 newbuild tankers

Singapore-based commodity trading company Trafigura recently held a naming ceremony for the first of its 35 crude oil and product tankers being built in South Korea and China.

The ceremony took place at Hyundai Samho Heavy Industries’ shipyard in Jeolanam-do in the south-west of South Korea.

Marlin Singapore, a 150,000DWT Suezmax tanker, was the first vessel to be named.

The order for the 35 newbuild vessels that includes medium range (MR) tankers, LR2s, and Suezmax tankers has been placed by an unidentified “close Asian financial partner” of the company. The vessels are being leased on delivery to Trafigura with options to purchase at a later stage.

The vessels are being delivered from today and throughout 2019, with the majority of vessels being delivered in the first quarter of 2019.