Andriaki breaks its newbuilding silence with an LR1 pair
The Greek owner is linked to its first newbuilding order in about a decade
Greek tanker owner Andriaki Shipping has been linked to its first newbuilding order in about a decade, with brokers reporting that the Athens-area company has booked two 73,500 dwt LR1 tankers at a Chinese shipyard. The scrubber-fitted ships are priced at about $55.1m each and are expected to deliver in 2030, though neither party has publicly confirmed the order. If firmed, it would mark a rare move into Chinese newbuildings for one of Greece's more conservative tanker names.
Andriaki's current fleet is made up of eight Greek-flagged tankers, all built in South Korea. Its four larger units were delivered between 2009 and 2012, while four 74,000 dwt crude and product tankers arrived in 2017 and 2018 from a Korean builder. That earlier LR1 series, ordered in 2015 and 2016, was the company's last known newbuilding programme.
Established in Greece in 1953 as part of a long-standing shipping group, Andriaki has managed more than 100 ships over its history and now handles the tanker fleet exclusively, with an affiliated company covering chartering, insurance and sale-and-purchase. The latest order would come under a chief executive who began her career with the company as a cadet in 1996.
