Nikolas Martinos-led Thenamaris has signed a fresh batch of newbuilding deals in the product tanker segment, pushing its fleet beyond the 100-vessel mark on a fully delivered basis
The Greek owner has confirmed an order at South Korea’s HD Hyundai Heavy Industries for two 50,000-dwt MR2 product tankers, with deliveries scheduled for 2028. Riviera first reported last month that Thenamaris was in advanced discussions with the shipbuilder regarding the potential order.
In parallel, the company has placed an order for three 114,000-dwt Aframax/LR2 tankers at CSSC’s Dalian Shipbuilding Industry Co (DSIC), scheduled for delivery in 2029 and 2030.
With this latest move, Thenamaris has effectively doubled its Aframax orderbook, following a recent agreement with Hengli Heavy Industries for another three vessels due for delivery in 2028 and 2029.
The company also has two Suezmax tankers under construction at CSSC’s Shanghai Waigaoqiao Shipbuilding (SWS), along with two LPG dual-fuel very large ammonia carriers (VLACs) at Jiangnan Shipyard.
In total, Thenamaris now has 12 vessels on order, supporting an active fleet of 91 ships. This includes 51 tankers, 24 bulk carriers, seven LNG carriers, six LPG carriers, and two container vessels.
Thenamaris remains one of the most active owners globally in both the newbuilding and secondhand markets. In 2025, it completed a major order cycle in the tanker and bulk carrier segments across Chinese and South Korean shipyards.
Over the years, it has also demonstrated a consistent fleet renewal strategy, divesting older tonnage at strong price levels while remaining active in acquiring modern vessels.
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