The Andrianopoulos family and its company Cape Shipping have embarked on their first tanker construction project at two Chinese shipyards, Splash 247 reports.
The Athens-based company has placed orders for two suezmax tankers at Shanghai Waigaoqiao Shipbuilding. The deal with the CSSC-affiliated shipyard is worth about $168m. The 158,000 dwt vessels will be delivered in 2026 and 2027.
Following the signing of the letter of intent in December, a pair of 115,000 dwt LR2 vessels worth about $66 million each have been ordered from the same shipyard for delivery in 2025 and 2026, shipbuilding industry sources said.
The company has also been named as the owner of orders for a 74,000 dwt product tanker at Yangzijiang Shipbuilding in Jiangsu. The newbuildings, worth $54 million each, will join Cape Shipping’s fleet in 2027, brokers Intermodal said.
Specialising mainly in dry bulk carriers, Cape Shipping was founded in 1987. The company is listed with a fleet of six bulk carriers and 11 container ships. Cape Shipping last ordered newbuildings in 2018, when it acquired four 2,700-tonne displacement boxships from Guangzhou CSSC Longxue Shipbuilding. Shipping databases indicate that the company had already bought VLCC more than 30 years ago.
