Union Maritime books four product tankers at reborn Dalian
Union Maritime Expands Tanker Fleet with New Orders
Diversified UK shipowner Union Maritime is making significant strides in expanding its fleet. The company has recently placed orders for new handysize product carriers in China. This move reflects Union Maritime’s commitment to enhancing its operations and meeting the growing demands of the shipping industry. With a focus on modern and efficient vessels, the company aims to strengthen its position in the competitive maritime market.
New Orders at Dalian Shipbuilding Offshore Company
Union Maritime has secured an order for four new handysize product carriers from Dalian Shipbuilding Offshore Company (DSOC). This shipyard, previously known as DSIC Offshore, has undergone restructuring and is now poised to deliver high-quality vessels. Each of the newbuilds will have a deadweight tonnage of 24,200 dwt. The estimated cost for each unit is around $30 million, with delivery expected in 2026.
The decision to partner with DSOC aligns with Union Maritime’s strategy to invest in advanced shipbuilding capabilities. The yard has recently been rebranded and officially launched in September 2023. This fresh start has already seen DSOC secure its first newbuilding project, a liquefied CO2 carrier for Germany’s Bernhard Schulte. This project is backed by a charter deal with Northern Lights, a joint venture involving major players like Shell, TotalEnergies, and Equinor.
By choosing DSOC for its new orders, Union Maritime is not only investing in new vessels but also supporting the revitalization of the shipbuilding industry in China. This partnership could lead to further collaborations in the future, enhancing both companies’ capabilities and market reach.
Union Maritime’s Growing Fleet and Future Prospects
Founded in 2006, Union Maritime has established itself as a prominent player in the shipping industry. The London-based company currently boasts a fleet of 115 vessels, which includes tankers, bulk carriers, and offshore support vessels. In addition to its existing fleet, Union Maritime has 49 ships under construction. These vessels are scheduled for delivery between 2025 and 2027, further expanding the company’s operational capacity.
The strategic expansion of Union Maritime’s fleet comes at a time when the demand for shipping services is on the rise. The company is positioning itself to meet this demand with modern and efficient vessels. By investing in newbuilds, Union Maritime aims to enhance its service offerings and maintain a competitive edge in the market.
As the shipping industry evolves, Union Maritime’s proactive approach to fleet expansion will likely pay dividends. The company’s focus on quality and innovation will help it navigate the challenges of the maritime sector. With a robust orderbook and a commitment to growth, Union Maritime is well-prepared for the future.
