Singfar Group has expanded its newbuild series with a contract in China for a pair of aframax tankers.
The Singapore-based owner has booked a 115,000 dwt duo at New Times Shipbuilding, according to brokers.
The company, best known for its bunkering business but also active in the crude and product tanker markets, had already ordered four 50,000 dwt MR vessels at China’s Chengxi Shipyard to deliver in 2026.
The MR order was followed by a quiet rebrand of Singfar International into SFI Energy last year.
The logistics and tonnage provider will see the New Times aframaxes, which will sport LNG dual-fuel propulsion, delivered in 2027. No price has been revealed, but brokers estimate similar tonnage in China at $68m and upwards.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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