Vafias stacks up more tanker orders in South Korea

AI Summary

Stealth Maritime, supported by Harry Vafias, has ordered two MR product tankers at HD Hyundai Heavy Industries in South Korea. The newbuildings, each about 50,000 dwt and costing $53 million, are scheduled for delivery in the first half of 2029, representing a $106 million investment.

Harry Vafias-backed Stealth Maritime has added two MR product tankers at HD Hyundai Heavy Industries, extending a South Korean newbuilding drive worth around $1.3bn. Brokers are placing the 50,000 dwt ships at $53m each, taking the latest investment to $106m. Delivery is scheduled for the first half of 2029. Neither Stealth Maritime nor HD Hyundai …