Greek Shipping Giant Chandris (Hellas) Makes Strategic Move with Suezmax Newbuilding Deal in China

Greek Owner Returns to Newbuilding Market

Low-profile Greek owner Chandris (Hellas) is making a significant return to the newbuilding market to replenish its suezmax tanker fleet, according to industry sources.

Strategic Fleet Expansion

The company, which currently manages just one ageing suezmax, is said to have ordered two 158,000-dwt vessels at Shanghai Waigaoqiao Shipbuilding. This move represents a strategic expansion for the Greek shipping firm.

Chinese Shipyard Attracts Greek Business

Shanghai Waigaoqiao Shipbuilding is a state-owned shipyard under the control of China State Shipbuilding Corp.

CSSC-controlled shipbuilder Shanghai Waigaoqiao Shipbuilding has attracted a considerable volume of Greek suezmax business lately, positioning itself as a key player in the global tanker construction market.

Industry Context

This development comes as Greek shipping companies continue to invest in modernizing their fleets and expanding their operational capabilities in the competitive tanker market.