Greek shipowners are simultaneously placing orders for conventional tankers, LNG carriers and ammonia carriers, according to the weekly Market Intelligence report by Weber Seas (Hellas). Greek interests are linked to new orders for a total of 14 vessels, scheduled for delivery in 2028 and 2029, spanning two 306,000-dwt VLCCs, one 157,000-dwt Suezmax, one 73,000-dwt LR1, four large LNG carriers each with a capacity of 200,000 cubic meters, and six VLAC ammonia carriers each with a capacity of 93,000 cubic meters. The broker attributed the surge to severe disruptions around the Strait of Hormuz, which have reduced tanker availability, disrupted normal trade flows and increased delays and operational disruptions.
The exceptionally strong market conditions are also reflected in time-charter rates and asset values. Weber Seas noted that a U.S.-listed company with a fleet consisting exclusively of VLCCs fixed the 2016-built DHT Panther for three years at $100,000 per day, with the charter expected to begin in October 2026 with an international energy group as counterparty. The surge in freight rates has also driven up second-hand tanker prices, with a five-year-old VLCC now valued at an estimated $161 million, up 53.3% compared with the five-year average, while a 10-year-old VLCC is valued at $136 million and a 15-year-old vessel has reached $107 million, almost double its five-year average value.
Source: ProtoThema English — https://en.protothema.gr/2026/09/21/greek-counteroffensive-in-shipyards-with-14-new-vessel-orders/
Tags: Greek Shipowners, Tankers, LNG Carriers, Strait of Hormuz, Greek Shipping
