The deliveries of the four ships are scheduled between June 2022 and March 2023. Credit: Valentin Schönpos from Pixabay.

Greek shipping firm Aegean Shipping Management has placed an additional order for the construction of a third Aframax tanker in China.

This comes after the company signed an agreement with the Chinese shipbuilder COSCO Heavy Industry for the construction of two plus one 114,000 dwt tankers on 30 September, 2020.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In addition, the duo signed a letter of intent (LOI) for the fourth vessel as well.

The deliveries of the four ships are scheduled between June 2022 and March 2023.

Aegean Shipping stated that after the completion of the latest order, the average age of its fleet will be 2.9 years.

As of now, Aegean Shipping has ordered a total of 12 vessels at Cosco Shipping in the last four years. After the newest order, Aegean fleet will expand to a total of 15 vessels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company also claimed that all its vessels are new-builds; not resales or second-hand ships.

To strengthen its “Green Fleet”, Aegean Shipping certifies all its vessels and new acquisitions with the highest eco-friendly class notations.

Aegean Shipping chairman George Melissanidis expressed his pride for the Aegean Shipping team which is working tirelessly and has made enormous efforts and contributions to materialise the principal’s vision.