CHON MYONG 1

The CHON MYONG 1 is a products tanker with a deadweight tonnage (DWT) of 2,750 tonnes and an overall length (LOA) of 76.3 meters, built in 1987. Its design supports the transportation of various liquid cargoes, particularly in regional trade routes. As a trading vessel flagged under North Korea, it is positioned to operate in specific markets that may have less competition due to its unique ownership and operational profile.

The current speed of 4.9 knots suggests the vessel is either in transit to its destination of Chongjin or potentially operating at a slower pace for ballast purposes. The absence of specific draft utilization data makes it challenging to definitively ascertain whether the vessel is laden or undergoing repositioning. Monitoring future AIS updates will be critical for understanding its operational efficiency and cargo status.

The CHON MYONG 1's operational profile suggests limited competition in its niche market due to its North Korean flag and trading status. Brokers should consider the geopolitical implications and potential sanctions when positioning this vessel for charter opportunities. Its age may limit charter rates, but its DWT capacity allows flexibility for smaller cargoes.

With a deadweight capacity of 2,750 tonnes and a gross tonnage of 1,220 tonnes, the CHON MYONG 1 is suitable for smaller, regional trade routes. The vessel's propulsion system, utilizing distillate fuel with geared drive, may result in higher operational costs compared to modern alternatives. Its age could raise concerns regarding maintenance and regulatory compliance, which are critical for charter decisions.