Tsakos Group Makes Box Ship Newbuilding Comeback With Hengli Deal

Tsakos Group has returned to the container vessel newbuilding market after four years, extending its orderbook across every shipping segment in which it operates. The Greek owner has disclosed a contract with China’s Hengli Heavy Industries for two 3,200-TEU vessels, with deliveries scheduled for the fourth quarter of 2028. The vessels will be fitted with scrubbers and shore-power connection systems.

 

Details of the Order

 

Tsakos has ordered two vessels. These are container ships. Each carries 3,200 TEU. The builder is Hengli Heavy Industries. Delivery is set for late 2028.

The order marks a return. Tsakos last ordered boxships in 2022. That was four years ago. This re-enters the segment. It extends the orderbook.

 

The Vessel Specifications

 

The vessels have notable features. They will carry scrubbers. These clean exhaust emissions. Shore-power systems feature. These connect to land electricity.

The features reflect compliance needs. Scrubbers meet sulphur rules. Shore power cuts port emissions. These improve environmental performance. They suit modern requirements.

 

The Builder Relationship

 

The deal deepens a relationship. It is the second collaboration. The first covers bulk carriers. These are two Capesize vessels. They deliver in late 2027.

The builder is winning Greek orders. Several owners have contracted it. These cover container vessels. Some ordered similar designs. Others chose larger ships.

 

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The Fleet and Orderbook

 

Tsakos operates a diverse fleet. It spans many segments. These include tankers. Bulk carriers feature. Container vessels are included.

The orderbook has grown. It now holds 23 vessels. These span several types. Tankers dominate. Container vessels feature too.

 

The Market Context

 

The feeder segment is active. Demand remains solid. Owners seek delivery slots. These are scarce at Chinese yards. Competition is strong.

The market shows price pressure. Regional liners compete. Tramp owners also bid. Prices remain stable. Some tick upwards.

 

Significance of the Deal

 

The deal extends Tsakos’s reach. It covers every segment. It diversifies the orderbook. It renews the container fleet. It reflects strategic breadth.

The deal reflects broader trends. Greek owners are ordering boxships. Chinese yards are winning work. Feeder demand is firm. This underlines market momentum.