Tanker newcomer Singfar Group has secured employment for its pair of freshly ordered LNG dual-fuel aframax tanker newbuildings.
The Singaporean company said it has chartered the pair of 115,000-dwt crude carriers which it ordered early this month to Malaysian tanker company AET.
Singfar did not disclose the details of the charter contracts but said AET has taken the dual-fuelled newbuildings on a long-term deal.
The order was reported by TradeWinds last week.
China’s New Times Shipbuilding will be constructing the duo and is scheduled to deliver them in 2027.
Singfar said the order and the charter contracts it inked with AET marks a significant milestone in the company’s mission “to revolutionise international trade through sustainability”.
“These LNG dual-fuel aframax tankers signify a significant step forward in our journey towards sustainable global trade,” said Singfar chief executive officer Pai Hong Yao.
“At Singfar, we are not only operating vessels; we want to change the future of maritime and energy transportation through our innovative logistics and trading platform.”
A logistics and tonnage provider, Singfar was incorporated in 2020. The company’s website states that its mission is to facilitate international trade through an eco-friendly logistics and trading platform, merging innovation with environmental responsibility.
Singfar owns and operates about 20 various classes of tankers — from 500 dwt to suezmax size.
It controls two suezmax tankers — the 156,700-dwt Atlantic M and Orient M (both built 2022).
The tankers were built by New Times Shipbuilding and are owned by China Construction Bank Financial Leasing.
