Advantage Tankers tied to South Korean VLCC orders

Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea.

Greece’s Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean at $126.5m each.

Established in 2014, the Nazli Williams-controlled company currently lists eight newbuildings, including one VLCC at Jiangsu Hantong Ship Heavy Industry, scheduled for delivery in the fourth quarter of 2026.

Advantage, which sold its oldest 2009 Bohai-built VLCC last September for $51m, should see the newbuilds delivered during the third quarter of 2027.

Hanwha Ocean had earlier this year picked up VLCC orders from its shipowning affiliate Hanwha Shipping and Evangelos Marinakis-controlled Capital. If confirmed, the latest deal would mark six VLCC slots firmed up at the Okpo-based shipyard year-to-date.