Sanko Steamship invests in 40 new offshore vessels

Japan’s Sanko Steamship is starting to expand its offshore vessel business.

With a fleet of twelve vessels consisting mainly of AHTS vessels and PSVs, the company will now bring the total number of vessels to 52 with a series of new orders. Sanko based its decision to order newbuildings because it expects a growth in the operation of offshore vessels, and investment in these vessels is said to be highly effective since the operation of these vessels are not affected by volatile shipping rates. Of the 40-strong newbuilding order, Sanko would own 19 vessels while 21 would be chartered.
Read More