May20 , 2026

    Sea World tied to product tanker newbuilds in South Korea

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    Greece’s Sea World Management and Trading has been linked to MR product tanker orders in South Korea.

    Brokers report the Laliotis Group’s tanker outfit has signed up for a pair of 50,000 dwt newbuilds at K Shipbuilding.

    Deliveries are due in 2027, with prices reported between $50m and $51m per ship.

    Nicholas Notias-led Piraeus and New York-based owner SteelShips has also been tied to an MR brace order at K Shipbuilding.

    In February last year, the two companies were involved in a double resale when Sea World picked up newbuildings at K Shipbuilding in a deal worth close to $100m. SteelShips ordered those ships at a reported $46.3m each.

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