Evangelos Marinakis–led Capital Group has entered discussions to purchase two Suezmax tankers under construction in South Korea
Shipbroking and market sources report that the prominent Greek owner has moved to acquire a pair of 157,000-dwt vessels scheduled for delivery from HD Hyundai in the first half of 2026.
According to the same sources, the vessels were originally ordered by London-based alternative asset manager Hayfin Capital Management, which currently lists four Suezmax tankers on order.
Hayfin declined to comment when approached by Riviera.
Shipbuilding data indicates Hayfin paid roughly US$85-86M per vessel when the order was placed. Pricing details surrounding the reported resale discussions remain undisclosed, though several shipbrokers estimate a level of about US$98M per unit. Greek shipbroking assessments place current Suezmax resale values at around US$97-98M.
Suezmax and VLCC projects have dominated shipbuilding activity in recent weeks, with sentiment in the crude tanker market looking increasingly constructive. Shipbrokers note that resale deals are particularly attractive due to earlier delivery slots compared with placing a new order – despite the premium typically required for such transactions.
Capital Group remains one of Greece’s most active players in newbuildings in recent years, accumulating a sizeable orderbook spanning LNG carriers, tankers and container vessels. This year alone, the group has been linked with orders for LNG carriers, VLCCs and feeder vessels.
Hayfin, meanwhile, has focused largely on the dry bulk sector this year. Riviera previously reported the company’s acquisition of Enesel’s Capesize trio during the summer. The asset manager has a long-standing presence in shipping, with more than US$4Bn invested across dry bulk, tankers, container ships, LPG carriers and LNG carriers. Its maritime strategy is led by Andreas Povlsen.
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