Venergy targets crude segment with suezmax newbuilds in China

Source:Splash247.com
2026.03.12
13

Greek shipowner Venergy Maritime is pressing ahead with its rapid fleet expansion, moving into the crude tanker sector with a reported order for suezmax newbuildings in China.

Shipbrokers say the Piraeus-based company has lined up two firm 158,000 dwt vessels at Shanghai Waigaoqiao Shipbuilding, with options for two additional units.

Splash understands the scrubber-fitted ships are priced at around $82m each, with deliveries scheduled for 2029 and 2030.

The move marks the latest step in an aggressive newbuilding programme launched by owner Vyron Vasileiadis since entering the shipping scene independently in 2025.

In less than a year, Vasileiadis has committed close to $1bn across multiple vessel segments, lining up as many as 25 ships through a mix of firm orders and options.

Splash reported earlier that Venergy had been building its tanker presence through a series of MR product tanker orders at South Korea’s K Shipbuilding. Those contracts formed the backbone of the company’s initial tanker strategy as it moved into refined product shipping.

The owner has also been expanding further up the tanker size ladder. Splash reported previously that Venergy stepped up its LR2 programme with newbuildings aimed at the long-range refined product trade.

At the same time, Venergy has been active in container shipping, booking feeder boxships, via its sister company, as part of a diversified fleet strategy.

The suezmax move now pushes the company into crude oil transportation, a sector where several Greek owners have recently been placing orders, including most recently Performance Shipping, Arcadia Shipmanagement and Capital Group reportedly switching boxships slots for suezmax newbuilds.

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