Evalend poised to extend Suezmax orderbook in South Korea with new pair

Shipbroking and market sources report the Greek owner has reached the letter of intent stage for two additional 157,000-dwt Suezmaxes at HD Hyundai.

Evalend has reportedly ordered six Suezmax tankers at the same yard this year, at an estimated price range of US$87-90M per vessel. The company has also been linked to a contract for four LNG bunker vessels at HD Hyundai.

Mr Lendoudis has emerged as one of the most active Greek shipowners in recent years, maintaining an extensive newbuilding programme focused primarily on tankers, gas carriers and bulkers.

Active market

Riviera has covered the sharp uptick in crude tanker ordering over recent weeks, with Greek owners leading the charge.

Maran Tankers was most recently linked to new VLCC contracts, while in the Suezmax segment, Stealth Maritime has confirmed an order for two vessels.

Other Greek players active in Suezmax contracting this year include Dynacom Tankers, Thenamaris, New Shipping, Centrofin, Golden Energy and Atlas Maritime.

European shipbrokers noted last week that newbuilding slots for large crude tankers at top-tier yards are tightening, with delivery dates now stretching into late 2029. This tightening availability has fuelled renewed interest in the resale market.

The Alafouzos family-led Okeanis Eco Tankers made headlines last week with plans to acquire two Suezmaxes originally ordered by Leon Patitsas-led Atlas Maritime. Meanwhile, Evangelos Marinakis’ Capital Group is in discussions with Hayfin Capital Management for another two Suezmaxes.

All four vessels are scheduled for delivery in 2026.