Okeanis Adds Fifth New VLCC

Greek shipping company Okeanis Eco Tankers (OET) has taken delivery of Nissos Donoussa, a very large crude carrier (VLCC) newbuild.

The Alafouzos family-owned firm said that Nissos Donoussa has commenced trading in the spot market.

The 319,000 dwt ship has been delivered by South Korean shipbuilder Hyundai Heavy Industries (HHI).

In April 2019, OET was granted an option by the Alafouzos family to acquire two Suezmax newbuilding vessels to be constructed at Hyundai Heavy Industries with expected delivery dates in the third quarter of 2020.

The option secures a right for the tanker company, at no cost, to acquire the vessels at the Alafouzos family’s contract price.

In May 2019, OET took delivery of the first VLCC from its newbuilding program with Hyundai Heavy Industries, Nissos Rhenia (Hull 3012).

The tanker firm  took delivery of the second VLCC from its newbuilding program with Hyundai Heavy Industries, Nissos Despotiko (Hull 3013), in June 2019.