New Shipping Expands Suezmax Tanker Fleet with Chinese Orders
New Shipping, a Greek shipping company, has recently secured a contract for a new suezmax crude oil tanker from CSSC Beihai Shipbuilding in China. This order marks a significant addition to New Shipping’s expanding fleet, which has seen increased activity over the past year. The new vessel, with a deadweight tonnage of 161,800 dwt, is expected to be delivered in the second half of 2029. While specific pricing details have not been disclosed, industry sources indicate that this will be New Shipping’s third suezmax newbuilding from Beihai Shipbuilding.
The deal reflects a growing trend in the shipping industry, as New Shipping continues to strengthen its position in the suezmax market. According to shipbroking sources, Beihai Shipbuilding has now secured a total of three suezmax orders, with two contracts signed in 2025 and the third added in early 2026. All three vessels are believed to be linked to New Shipping, showcasing the company’s commitment to expanding its fleet in this segment.
Beihai Shipbuilding Enters Suezmax Market
The recent contract represents Beihai Shipbuilding’s entry into the suezmax tanker segment, diversifying its portfolio of large crude tankers. The new vessels will be built to meet the latest International Maritime Organization (IMO) requirements, ensuring compliance with modern environmental standards. The suezmax design is part of Beihai’s in-house “Venus Series” of liquid cargo vessels, which are designed to be 274.3 meters long and 50 meters wide. These ships will adhere to IMO Tier III emission standards and Phase III of the Energy Efficiency Design Index (EEDI), highlighting a commitment to sustainability in shipbuilding.
New Shipping’s recent activities indicate a strategic focus on the suezmax market. In September, the company placed an order for two suezmax tankers at Samsung Heavy Industries, with construction allocated to HSG Sungdong Shipbuilding in South Korea. This order included options for two additional vessels, priced at approximately $82 million each. Furthermore, shipping databases reveal that New Shipping currently operates a fleet of over 25 vessels, which includes both tankers and bulk carriers. The company was also linked to a previous order at Beihai Shipbuilding last July for two firm 163,000 dwt suezmaxes, again with options for further units.
As New Shipping continues to expand its fleet and enhance its capabilities in the suezmax segment, the company is positioning itself to meet the growing demands of the global shipping market. The collaboration with Beihai Shipbuilding marks a significant step in this direction, as both companies aim to contribute to a more sustainable and efficient maritime industry.
