Vafias stacks up more tanker orders in South Korea

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 … Read full article →