Dynacom bolsters suezmax orderbook in China

Greece’s Dynacom Tankers has swelled its suezmax orderbook at China’s New Times Shipbuilding.

Newbuilding sources report that George Procopiou’s company has signed up for six more 159,000 dwt vessels, adding to a previously booked pair at the privately owned shipyard in April.

The latest sextet will run on conventional fuels, will be equipped with scrubbers and will cost about $78-79m each, with delivery expected in 2028.

The Athens-based outfit has a massive orderbook of crude and product carriers spread across multiple shipyards in China. According to the company’s website, Dynacom Tankers Management currently manages a fleet of 67 tankers, with an additional 53 vessels under construction.

Jiangsu-based New Times has emerged as one of Prokopiou’s preferred shipyards, with shipping databases listing 12 suezmaxes currently under construction for Dynacom at the yard.

Beyond its newbuilding activity, Dynacom is also active in the secondhand market. S&P databases show the company acquired three 2009-built suezmaxes this year, formerly owned by Teekay Tankers.

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.