Latest maritime fleet updates and reports
Euroseas, a Greek container ship owner, has expanded its newbuilding program by ordering two additional 1,800 teu feeder containerships at Nantong CIMC Sinopacific Offshore & Engineering, as reported by Splash247. The Nasdaq-listed company expects the vessels to be delivered in December 2028 and March 2029, each costing approximately $32.26 million.
Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has placed an order for two kamsarmax bulk carriers with New Dayang Shipbuilding in China, as reported by Splash247. The Athens-based company plans to receive the 82,000 dwt vessels in 2029, marking its return to the newbuilding market.
Splash247 reports that the China Classification Society (CCS) has completed the inspection and certification of the world's largest bulk carrier-to-container ship conversion. The vessel, Kuang Chi Delta, underwent a six-month conversion at Zhoushan Xinya Shipbuilding & Repair.
Hengli, a Chinese shipbuilder, is projected to deliver at least 160 ships by 2028, marking a significant expansion in the industry, as reported by Splash247. The company acquired the former STX Dalian facility in 2022, rapidly building one of the largest order books in the sector.
South Korean company Pan Ocean has been identified as the buyer of a four-vessel very large crude carrier (VLCC) order at Hanwha Ocean, as reported by Splash247. The shipbuilder announced a KRW800.1bn ($524m) contract with an unnamed Asian shipping company, later identified by multiple sources as Pan Ocean.
Sallaum Lines has contracted two firm and two optional 8,600 CEU car carriers, marking the largest vessels in its fleet, as reported by Splash247. The order, placed with Xiamen Shipbuilding Industry, features PCTCs designed to operate on LNG, VLSFO, and MGO.
Capital Tankers, backed by Evangelos Marinakis, is set to expand its fleet by acquiring three VLCC newbuilding contracts from Capital Maritime & Trading Corp, as reported by Splash247. The vessels are being constructed at Hengli Shipbuilding in China, with deliveries scheduled for late 2027.
Varamar, an Antwerp-based operator, has acquired four multipurpose vessels, marking its entry into ship ownership, as reported by Splash247. Founded by Alexander Varvarenko in 2009, the company has previously focused on chartering and operating third-party tonnage.
Finland's ESL Shipping is integrating its Swedish subsidiary AtoB@C Shipping under the ESL Shipping brand, as reported by Splash247. This strategic move aims to streamline market presence and bolster its position in the shortsea dry bulk sector.
John Fredriksen-backed Seatankers Management is expanding its newcastlemax fleet by exercising options for four additional bulk carriers at Dajin Heavy Industry, as reported by Splash247. This move increases Seatankers' orderbook at the Chinese yard to eight 210,000 dwt newbuilds, following an initial contract earlier this year.
