Greek Owner Chemnav Re-Enters Suezmax Market With Newbuilding Deal in China

Greek shipowner Chemnav Shipmanagement has re-entered the Suezmax tanker market with a newbuilding order in China. Shipbroking sources have linked the company to an order for two 158,000-dwt vessels at Penglai Zhongbai Jinglu Ship Industry, with deliveries scheduled for 2029. The order would mark the company’s return to a segment it last operated around six years ago.

 

Details of the Order

 

Chemnav has placed a new order. It covers two vessels. These are Suezmax tankers. Each is 158,000 dwt. A Chinese yard will build them.

The order has a defined timeline. Deliveries are set for 2029. Sources linked the company. The deal re-enters the segment. It marks a return.

 

The Company Fleet

 

Chemnav operates a varied fleet. It runs 13 tankers. These span several sizes. Chemical carriers feature. Aframaxes are included.

The company has other orders. Two MR tankers are on order. A Korean yard builds them. It took three last year. These were the same size.

 

The Segment Return

 

The order marks a comeback. Chemnav left the segment years ago. It last operated a Suezmax then. That vessel was older. This renews its presence.

The return reflects strategy. The segment is popular now. Many owners are ordering. Chemnav rejoins them. It expands its range.

 

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The Builder Context

 

The builder is newer to Suezmaxes. It entered this year. It secured earlier orders. These came from another owner. Its book is diverse.

The builder has a broad orderbook. It includes container ships. Product tankers feature. Suezmaxes are now added. This reflects expansion.

 

The Market Trends

 

Suezmaxes are in demand. Many were ordered this year. They rank third by orders. VLCCs lead. MR tankers follow.

The orderbook is substantial. It approaches 30 percent of the fleet. Much of the fleet is ageing. Over a third is older. Renewal potential is strong.

 

Significance of the Order

 

The order reflects Greek investment. Owners favour Suezmaxes. They invested heavily. The segment leads the orderbook. It holds the largest share.

The order aligns with renewal. Ageing vessels need replacing. Newbuildings meet this. Chemnav joins the trend. It modernises its fleet.