Kyoei Tanker announced on December 15 that it will acquire a newly built 310,000-ton very large cargo carrier (VLCC) to strengthen its business base by improving and expanding its fleet composition.
The acquisition price is not disclosed due to confidentiality agreements with business partners. A reasonable price has been determined considering market value and other factors.
The potential buyers are Nippon Shipyard and Japan Marine United. The acquisition is scheduled to take place by June 2029.