Navantia Starts Building First Tanker for Ibaizabal

Ibaizabal Group Spanish state-owned shipbuilder Navantia started constructing the first of four Suezmax tankers for compatriot ship manager the Ibaizábal Group. The 156,000 ton ships will be built at Navantia’s yards in the Bay of Cadiz, while some parts are scheduled for construction at the companys Ria de Ferrol site. Featuring a length of 274 meters and a width of 48 meters, the first tanker, which will be chartered to the Spanish oil company Cepsa, is expected to join its owner late next year. The shipbuilder launched the first vessel in December 2015, when the keel laying ceremony for the ship was held at the shipyard. The deal for the four vessels was signed in July 2015 and includes an option for two more Suezmax tankers. World Maritime News Staff