Andriaki Shipping, a Greek tanker owner, has reportedly ordered two new LR1 tankers from New Times Shipbuilding in China. This marks the company's first newbuilding contract in approximately ten years. The vessels are 73,500 dwt LR1 tankers, equipped with scrubbers, and are priced at around $55.1 million per ship. Delivery for these new tankers is anticipated in 2030.
This investment reflects a strategic move by Andriaki to modernize and expand its fleet. The addition of new, scrubber-fitted LR1 tankers suggests a commitment to operational efficiency and compliance with environmental regulations, as scrubbers help reduce sulfur emissions. The long lead time until 2030 delivery indicates a long-term fleet planning strategy.
For freight forwarders and shippers, an increase in modern tanker capacity, particularly for refined petroleum products (LR1 segment), could contribute to stable or potentially more competitive rates in the future, assuming demand keeps pace. New vessels generally offer better reliability and fuel efficiency, which can translate into more predictable transit times and potentially lower operational costs for carriers, indirectly benefiting shippers through improved service offerings.
Neither Andriaki nor New Times Shipbuilding has officially confirmed the order.
