Sea World tied to product tanker newbuilds in South Korea

Greece’s Sea World Management and Trading has been linked to MR product tanker orders in South Korea.

Brokers report the Laliotis Group’s tanker outfit has signed up for a pair of 50,000 dwt newbuilds at K Shipbuilding.

Deliveries are due in 2027, with prices reported between $50m and $51m per ship.

Nicholas Notias-led Piraeus and New York-based owner SteelShips has also been tied to an MR brace order at K Shipbuilding.

In February last year, the two companies were involved in a double resale when Sea World picked up newbuildings at K Shipbuilding in a deal worth close to $100m. SteelShips ordered those ships at a reported $46.3m each.