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Dynacom Tankers Management Orders 10 LR2 Tankers from DSIC
By Seaandcoast | 02/05/2023
Greek shipowner Dynacom Tankers Management has reportedly ordered ten Long-Range 2 (LR2) tankers from China's Dalian Shipbuilding Industry (DSIC). The order is significant for both Dynacom and DSIC, as it represents a major investment and will likely lead to increased business for both parties.
The LR2 tankers have a capacity of 115,000 deadweight tonnage and are expected to be delivered in the second half of 2025 and throughout 2026. The newbuilds are also expected to be equipped with scrubbers, which will help to reduce their environmental impact.
According to reports, the financial details of the contract have not been disclosed, but the market value of each vessel is estimated to be around $70 million. This puts the total value of the order at around $700 million, which is a significant investment for Dynacom.
Dynacom currently manages over 70 vessels, and the addition of 10 new LR2 tankers will further increase its capacity and market share. The company is also set to take delivery of one Suezmax tanker of 158,000 deadweight tonnage, which is under construction at New Times Shipbuilding and scheduled for delivery this year.
The order for the LR2 tankers comes at a time when the contracting of tanker newbuilds is starting to pick up, with the industry's top names emerging behind orders at Asia's shipbuilding majors. Other recent orders in the tanker industry include two 114,000 dwt LR2s from Hong Kong-based shipowner Tai Chong Cheang Steamship Group, and one 11,500 dwt chemical tanker from Chongqiang Chuandong.