New Times Shipbuilding Wins Landmark VLAC Order from Greece’s Akrotiri Tankers
In a groundbreaking move, Jiangsu-based private shipbuilding giant New Times Shipbuilding is set to become the third private shipbuilder in China’s history to venture into the ultra-large liquefied gas carrier market. This development comes on the heels of Yangzijiang Shipbuilding and Hengli Heavy Industries making similar strides in this sector.
Akrotiri Tankers Orders Two Very Large Ammonia Carriers from New Times Shipbuilding
Recent market reports have revealed that Greek tanker owner Akrotiri Tankers has placed an order with New Times Shipbuilding for two 93,000 m³ Very Large Ammonia Carriers (VLACs). These vessels are scheduled for delivery in 2029, with the contract price remaining undisclosed at this time. This order signifies a significant milestone for both Akrotiri Tankers and New Times Shipbuilding.
Strategic Expansion and Partnership for Akrotiri Tankers
For Akrotiri Tankers, this order signifies a strategic move beyond its core focus on product tankers into the gas carrier market. This is the first time the company has delved into this sector, demonstrating its commitment to diversifying its fleet. Moreover, this order deepens Akrotiri Tankers’ partnership with New Times Shipbuilding, following previous collaborations on LR1 product tankers and a Suezmax tanker.
Furthermore, Akrotiri Tankers, founded in 2025 by Marielena Procopiou and her husband Konstantinos Lampsias, has shown a strong preference for New Times Shipbuilding for its newbuilding projects. With a total of five new vessels on order at the shipyard, Akrotiri Tankers is poised for significant growth and expansion in the coming years.
New Times Shipbuilding’s Impressive Portfolio and Industry Standing
New Times Shipbuilding’s diverse range of products includes medium-to-large conventional and LNG dual-fuel bulk carriers, oil/chemical tankers, and container ships of various sizes. The shipyard has built a solid reputation for delivering high-quality, eco-friendly vessels and LNG fuel tanks.
With an orderbook exceeding 150 vessels and delivery schedules stretching to 2030, New Times Shipbuilding has consistently ranked among the top shipyards in China and globally. Its strategic focus on oil tankers and container ships has positioned the company as a key player in the industry, showcasing its commitment to innovation and excellence.
In conclusion, New Times Shipbuilding’s foray into the ultra-large gas carrier market with the order from Akrotiri Tankers marks a significant milestone for both companies. This strategic partnership underscores the growing opportunities in the maritime industry and sets the stage for further advancements in vessel construction and technology.
