Hartnoll’s Eastway makes $320m tanker comeback

AI Summary

Eastway is returning to the tanker market with an order for four suezmax vessels from China’s Penglai Zhongbai Jinglu Ship Industry. The newbuildings, estimated to cost $320 million and scheduled for delivery in 2029, mark a major expansion into tankers for the shipowning and shipmanagement group.

Eastway, the shipowning and shipmanagement arm of the Tim Hartnoll-controlled X-Press Feeders/Sea Consortium group, is returning to the tanker market, ordering four suezmax newbuildings in China in a deal worth an estimated $320m. According to Alphaliner, Eastway has contracted Penglai Zhongbai Jinglu Ship Industry to build four 157,000 dwt tankers, with deliveries scheduled for 2029 …