Recently, DH Shipbuilding (formerly Daehan Shipbuilding) delivered a 115,000 dwt LR2 tanker to Atlas Maritime and European Maritime Finance (EMF).
The newbuild is a 115,000 dwt scrubber-fitted LR2 tanker featuring Daehan’s latest “super eco” specifications.
It is a part of the $1 billion newbuilding program, which includes a series of 17 high-efficiency, low-emission vessels ordered by Atlas in partnership with EMF.
According to the companies, this is “one of the most ambitious privately backed fleet renewal initiatives in the global tanker sector”, focusing on next-generation tonnage aligned with tightening IMO regulations and rising charterer ESG expectations.
Atlas Maritime and EMF expect the remaining vessels in the program to be delivered on schedule through 2025 and 2026. Several tankers have already been delivered and are on long-term charters with energy companies.
DH Shipbuilding is one of Atlas Maritime’s favorite tanker shipyards. In mid-2024, the two parties signed a contract to build two 157,000 dwt Suezmax tankers. The new buildings adopt an LNG-ready design and are equipped with desulfurization scrubbers. They are named “Odin Star” and “Olympic Star”.
Last year, Atlas Maritime and EMF also ordered three 88,000 m3 liquefied petroleum gas (LPG)/ammonia carriers at HD Hyundai Heavy Industries, with a total order value of about $372 million, which are expected to be delivered by December 31, 2027.