Marinakis lines up VLCC newbuilds in South Korea

Greek owner Evangelos Marinakis has moved to add more tanker newbuildings through a fresh deal for very large crude carriers in South Korea.

Shipbuilding sources in Greece report Marinakis-controlled Capital has penned a letter of intent with Hanwha Ocean for two firm vessels, with deliveries expected in 2027.

The deal includes an option for an additional newbuild, with each unit costing about $125m, according to Xclusiv Shipbrokers.

Capital also has six LNG dual-fuel VLCCs booked for construction at Dalian Shipbuilding Industry Co (DSIC) with deliveries stretching through 2028.

Other owners, such as Chandris in Greece, VLCC giant DHT Holdings, and Oman’s Asyad Shipping have ships in this segment lined up for construction at the South Korean builder.