N2 Tankers to rejuvenate aframax fleet with Nissen Kaiun newbuildings

Jonathan Boonzaier

Nissen Kaiun will deploy a raft of on-order aframax tanker newbuildings into the fleet of N2 Tankers, a pool-like joint venture between the Japanese shipowning giant and Reederei Nord.

The four or five aframaxes, being built at Japanese yards for delivery from 2025 onwards, will replace existing ships owned by Nissen Kaiun and subsidiary companies in the N2 Tankers fleet, its director Madhu Vadakkepat told TradeWinds in an exclusive interview.

That Nissen Kaiun, a traditional tonnage provider until the establishment of N2 Tankers six years ago, has committed these newbuildings is taken as a vote of confidence in the aframax operator’s strong performance, according to Vadakkepat.

Read the interview in full