MJL Bangladesh orders LR2 in South Korea

Bangladeshi owner MJL Bangladesh has ordered an LR2 tanker at DH Shipbuilding in South Korea.

The yard, formerly Daehan Shipbuilding, which has mostly attracted Greek tanker owners, will bank around $74m from the deal.

The LNG-ready 115,000 dwt vessel is expected to be on the water in 2026.

MJL Bangladesh, formerly known as Mobil Jamuna Lubricant, is a joint venture between EC Securities, a subsidiary of East Coast Group, and the state-owned Jamuna Oil Company.

The nation’s top lubricant company already has one 2005-built LR2 and three LPG carriers. It opted to buy a new ship last year on the back of increasing prices and higher maintenance and operations costs for secondhand tonnage.

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