South Korea's DH Shipbuilding Secures Fourth Suezmax Tanker Order from Greek Owner
2026-04-20 10:08
Favorite

en.Wedoany.com Reported - DH Shipbuilding announced the signing of a construction contract with an African shipping company for one 157,000 dwt Suezmax tanker, with the order value approximately $89 million. The vessel is scheduled for delivery in July 2029.

According to shipbroking sources, the order came from Greek shipowner Lavinia Tankers, led by Panos Laskaridis. This marks the fourth Suezmax tanker ordered by this owner at DH Shipbuilding this year. The previous three orders were announced in January 2026 (two vessels) and March 2026 (one vessel). The total value of these four vessels is nearly $360 million.

Including this latest order, DH Shipbuilding has secured contracts for 13 new vessels this year, already exceeding its annual order target in the first quarter of 2026. The company stated, "The shipyard's production schedule is currently full until the end of 2029. We will continue to pursue our order selection strategy focusing on high-value-added vessels to enhance profitability."

Currently, all four new vessels under construction at DH Shipbuilding are listed in the fleet data on Lavinia Tankers' official website, highlighting the fleet's strategic expansion in the tanker transport business.

It is understood that Lavinia Tankers began entering the MR product tanker sector about two years ago, placing an order for three newbuildings at a Chinese shipyard at that time. Two of these vessels, the "Saronic Wind" and "Parian Trader," have been delivered, while the "Baltic Champion" is expected for delivery in late 2026.

Currently, Lavinia Tankers operates a fleet of 14 tankers, consisting of medium-sized tankers and small liquid cargo ships, and holds five vessels under construction. The company is the tanker business subsidiary of the Laskaridis Shipping/Lavinia Group, whose operations cover bulk carriers, tankers, and reefer ships, among others.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com