UK-based shipmanagement and marine services giant V.Group has secured a deal for six LR1 tanker newbuildings that US owner International Seaways expects for delivery from South Korea’s K Shipbuilding.
The René Kofod-Olsen-led company will be responsible for full technical and crew management of the scrubber-fitted, LNG-ready sextet.
The LR1s will be delivered over a 12-month timeframe, starting in the third quarter of 2025.
The contract further strengthens the cooperation between the two companies, which has already seen V. take on the management of 44 out of 84 tankers in International Seaways’ fleet, including VLCCs, suezmax, aframax, LR1 and MR vessels.
“Our decade-long partnership with INSW is built on open and transparent collaboration, and this contract win is a testament to the value we deliver through our comprehensive ship management and marine services,” said Kofod-Olsen, chief executive of V.Group.
Energy News Beat