Aegean Shipping Management is strengthening its presence in the global tanker market after placing an order for four new vessels at China’s Hengli Heavy Industries shipyard. The contract includes the construction of two LR2/Aframax tankers and two Very Large Crude Carriers (VLCCs).
The deal marks the company’s first entry into the VLCC segment, the largest class of crude oil tankers. According to Aegean Shipping, the investment forms part of a long-term fleet renewal and growth strategy aimed at expanding its presence across multiple shipping sectors.
Once the vessels are delivered, the company’s fleet will increase to 22 ships, including 16 tankers and six bulk carriers. At the same time, the average fleet age will remain around three years, allowing Aegean Shipping to maintain one of the youngest fleets among Greek shipowners.
The agreement with Hengli Heavy Industries also highlights the growing confidence of international shipowners in China’s emerging shipbuilding yards. Until now, Aegean Shipping had primarily placed its newbuilding orders with COSCO Shipping Heavy Industry, but the latest deal demonstrates the company’s willingness to diversify its shipbuilding partnerships.
An additional growth driver will be the delivery of four LR2/Aframax tankers over the next six months. All four vessels have already secured charter agreements with global commodities trader Vitol.
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