Magni Partners books more VLCCs in China

Tor Olav Troim’s firm Magni Partners has ordered two more LNG-powered very large crude carriers in China, according to brokers.

The management consulting company ordered two 320,000-dwt LNG dual-fuel VLCCs at China’s New Times Shipbuilding, Clarksons said in a report.

The broker said that Magni Partners declared options from the contract signed last year for two LNG-powered VLCCs.

Andes Shipping is reportedly the entity behind the order.

New Times is expected to deliver these two new ships in 2027.

Also, the price tag has not been revealed but the first two vessels were said to be each worth at about $138 million.

VesselsValue data also suggests that the new vessels are worth about $138 million.

Some reports said that it has still not been decided for the two new vessels whether they would feature LNG propulsion.

LNG Prime did not manage to get official confirmation for the LNG dual-fuel VLCC order by the time this article was published.

Troim’s Himalaya Shipping already has twelve 210,000-dwt Newcastlemax LNG dual-fuel bulk carriers on order at New Times.

The Chinese shipbuilder delivered nine of these LNG-powered bulkers up to date.

Source: Lngprime.com