Greek tanker owner Oceangold Tankers has updated its fleet list to show that it has ordered six product tankers from a Chinese shipyard.
Oceangold has ordered six 49,200 dwt MR2 product tankers from Penglai Zhongbai Jinglu Ship Industry Co., Ltd. (Jinglu Shipyard) for delivery between October 2025 and November 2026, according to the company’s official website.
Industry sources point out that Oceangold signed a letter of intent for the construction of these MR tankers with Jinglu Shipyard back in 2023, which is now coming into effect.
Oceangold has not announced the price of the order, but the current cost of a 50,000 DWT product tanker is around $45 million. If this is calculated, the total price of the six new vessels is about $270 million.
With a length of 183 meters, a width of 32 meters and a cargo hold capacity of 53,500 cubic meters, the vessel is powered by a MAN B&W 6G50ME-C9.6-HPSCR main engine, equipped with a desulphurization tower, and its emissions are in line with IMO II requirements. It is worth mentioning that this batch of vessels adopts methanol reserved design, which can use methanol fuel in the future with only a little conversion.
Oceangold’s fleet list shows that in addition to the six new MR2 tankers, the owner previously ordered three Aframax/LR2 product tankers from Shanghai Waigaoqiao Shipbuilding (SWS).
The 114,000 dwt tanker, 250 meters long and 44 meters wide, is powered by a MAN B&W 6G60ME-C10.5-HPSCR main engine with a desulfurization tower and the same methanol reserve design.
The three new vessels have commenced construction in April, August and December 2024 and are scheduled for delivery in May 2025, July 2025 and January 2026 respectively.
Established in 2017, Oceangold currently operates 11 tankers, including 8 MR2 tankers and 3 Aframax/LR2 tankers. The delivery of the above nine new vessels will greatly enhance Oceangold’s tanker capacity.
The official website shows that Jinglu Shipyard is a state-controlled large-scale modern ship repairing and building enterprise, subordinate to Qingdao Military-Civilian Integration Development Group and jointly held by Shandong Huiyang Group, with the main business of shipbuilding and offshore engineering equipment manufacturing, occupying a total area of 1.8 million square meters, with an annual production capacity of 1 million deadweight tons.
It is worth mentioning that in July last year, the fleet list update of British tanker and bulk carrier operator Union Maritime showed that it had placed an order for four 49,200 dwt product tankers from Jinglu Shipyard, which are expected to be delivered between September 2026 and June 2027.
As of the end of 2024, Jinglu Shipyard holds orders for about 60 vessels, including large container ships, tankers/chemical tankers, bulk carriers, etc., and the production schedule has been lined up until 2029.