In a significant move in the shipbuilding industry, Greece's Sun Enterprises has ended a long hiatus by ordering two suezmax tankers. This marks the company's first order for this type of vessel since 2015, highlighting a strategic shift in their operational focus.
The tanker division of Sun Enterprises, led by George S Livanos, has reached an agreement with South Korea's DH Shipbuilding to construct two 158,000-deadweight ton crude carriers. The deal is reportedly valued at approximately $180 million, illustrating the company's strong investment in expanding its fleet capabilities.
Scheduled for delivery in the first quarter of 2027, these tankers will bolster Sun Enterprises' position in the global shipping market. The decision to commission new vessels comes amid evolving market dynamics and increasing demands for efficient and environmentally-friendly shipping solutions.
This order signifies Sun Enterprises' commitment to maintaining a competitive edge in the industry, leveraging advanced shipbuilding technologies and design innovations. As the global maritime sector continues to adapt to new economic and environmental challenges, this development underscores the strategic foresight of one of Greece's leading shipping giants.
The maritime industry will be closely monitoring how this investment impacts Sun Enterprises' operations and market presence in the coming years.
Stay updated with the latest news from Greece and around the world on greekcitytimes.com.
Contact our newsroom to share your updates, stories, photos, or videos. Follow GCT on Google News and Apple News.
