Venergy Maritime, the Greek shipping company owned by Vyron Vasileiadis, is rapidly expanding its product tanker fleet and has recently finalized a newbuilding project for an LR2 product tanker at a Chinese shipyard.
Industry sources report that Venergy Maritime has placed an order for 2+2 LR2 product tankers with China’s private shipbuilder New Times Shipbuilding. This brings the total number of LR2 product tankers ordered through their collaboration to six vessels. The first two vessels will be 115,000 deadweight tonnage class.
This additional order of 2+2 LR2 product tankers from New Times Shipbuilding represents Venergy Maritime’s clearest move yet into the large product tanker market, further expanding its order book which has been steadily growing since 2025.
As one of China’s leading private shipbuilders, New Times Shipbuilding operates dry docks with capacities of 500,000 tons, 300,000 tons and 100,000 tons. Its primary products include large and medium-sized bulk carriers, tankers, container ships and various chemical tankers. With increasing orders, New Times Shipbuilding is investing RMB 5 billion to expand its production capacity. The new project, covering 900 mu (approximately 60 hectares), will include a new 700-meter dry dock. Upon completion, the shipyard will operate four dry docks.
Beyond the tanker market, Venergy Maritime’s parent company, the Vasileiadis Group, is accelerating its business expansion. As one of the Greek shipowners entering the container sector in 2025, it has ordered four 1,900 TEU feeder container vessels of the “Swan” class from China State Shipbuilding Corporation Huangpu Wenchong Shipbuilding. The first two vessels were ordered in 2025, with the remaining two vessels taking effect on February 6, 2026.
With orders for MR2 and LR2 product tankers and feeder container ships steadily coming in, Venergy Maritime’s current fleet expansion plan remains centered on newbuilding projects, with the potential fleet size now reaching 18 vessels.