Venergy locks in $168m suezmax deal as fleet expansion hits 30 ships
Greek owner Venergy Maritime firms two more 158,000 dwt tankers at China’s Hengli Shipbuilding for $84m each.
Greek shipping company Venergy Maritime has expanded its newbuilding programme by confirming orders for two additional suezmax tankers at China’s Hengli Shipbuilding. The latest deal increases the firm’s total orders at the Dalian yard to four vessels and brings its overall newbuilding count to 30 ships.
The newly ordered tankers, each with a capacity of 158,000 deadweight tonnes (dwt), are valued at approximately $84 million per vessel, with delivery scheduled for 2029. This follows an earlier agreement in June for two similar tankers, the V Leon and V Nikos, which are set for delivery in the final quarter of 2028. Industry brokers had previously estimated the cost of Chinese-built suezmax tankers in the mid-to-high $80 million range, aligning with the latest figures.
Expanding suezmax fleet across Chinese shipyards: Venergy
Venergy Maritime’s suezmax newbuilding programme now includes eight firm orders across three Chinese shipyards. In addition to the four vessels at Hengli Shipbuilding, the company has two tankers—the V Dragon and V Georgia—under construction at Shanghai Waigaoqiao Shipbuilding. The remaining two, the V Titan and V Orion, are being built at Guangzhou Shipyard International. These 157,000 dwt tankers will begin joining the fleet from late 2028, with deliveries extending into 2029.
The latest orders underscore the rapid expansion of Venergy Maritime since its founder, Vyron Vasileiadis, entered shipowning independently. The company’s newbuilding programme, which spans crude and product tankers as well as containerships, is now estimated to be worth close to $2 billion.
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