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Aegean Shipping Inks Deal for Four Aframax Newbuildings with Cosco Shipyard in China

26 April 2016

Aegean Shipping Management signed a contract with Cosco Zhoushan shipyard to build four next-generation Aframax carriers with delivery in 2018.
This marks the latest NB contract since the company delivered four MR sisters from Daesun Shipbuilding in Korea in 2014. These eco-tankers, coined the Green Fleet, also employ advanced engineering and design components, allowing for significantly lower fuel consumption and huge minimization of emissions. The new Aframaxes will fly the same ‘Greenfleet’ Banner as their smaller fleet sisters, and continue to follow suit with the strategy of the company to reduce their carbon footprint.
Chairman George Melissanidis said, “I am pleased to announce the signing of four NB 113,000 dwt crude carriers at Cosco Zhoushan shipyard. In this time of such global uncertainty and a dormant NB market, we are renewing our commitment to international shipping.“
Mr. Melissanidis continued, “I would like to take this opportunity to thank Cosco for their support and look forward to cementing this relationship between our two companies, which are so closely aligned in terms of quality and commitment to first class service.”
Aegean Shipping invests in cutting-edge technology, enhancing its human resources and managing its fleet above and beyond international standards.
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