Dynacom gives vote of confidence in China’s shipbuilding

George Prokopiou’s Dynacom Tankers Management is expanding its tanker shipbuilding program, providing a vote of assurance successful Chinese shipyards, contempt the imposition of larboard fees connected ships of Chinese root approaching the US.

With much than 130 ships successful the water and a shipbuilding programme of astir 100 ships (tankers, bulkers, LNG Carriers), George Prokopiou’s shipping radical (Dynacom which manages tankers, Dynagas which manages LNG carriers and Sea Traders which manages bulk carriers) is returning to China and the New Times Shipbuilding shipyard, signing contracts for two caller 159,000 dwt Suezmax tankers with a transportation day of 2028.

Conventional with scrubbers

According to information, these two ships will tally connected accepted fuels, and will beryllium equipped with scrubbers.

Their outgo will beryllium astir 160 cardinal dollars.

Besides, the Greek shipowner has unveiled his plans to put successful caller vessels that use accepted fuels and the champion existing technology to trim the biology footprint of ships.

In 2025, George Prokopiou is expected to person 27 caller ships, while – according to Clarksons – Dynacom has ordered 49 tankers by April (the largest fig worldwide), compared to 47 for Union Maritime, which is successful 2nd place.

Analysts said that the port’s program connected fees published by the US Trade Representative (USTR) has caused large interest successful the world’s largest shipbuilding nation, nevertheless – arsenic it seems – the competitiveness of the Asian country’s shipbuilding units remains intact, which is besides reflected successful Dynacom’s bid to New Times.

At the aforesaid time, there is optimism that orders will proceed for the remaining types of ships affected by larboard fees, with HSBC pointing retired that imaginable reduced larboard fees could region uncertainty regarding agreements for the operation of caller ships by non-Chinese companies, which would beryllium considered peculiarly affirmative for Chinese shipyards.

An illustration is MSC, which besides returned to China for orders, signing a woody for six 22,000 TEU containerships.