Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year.
CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking sources have since linked the deal to New Shipping, marking what would be the owner’s third suezmax newbuilding tied to the yard.
No pricing has been disclosed, with delivery expected in the second half of 2029. Shipbroking and market sources say Beihai has now booked a total of three suezmax orders, with two signed during 2025 and the third added in the opening days of 2026, all understood to be connected to New Shipping.
The order represents Beihai Shipbuilding’s entry into the suezmax tanker segment, expanding the yard’s large crude tanker portfolio beyond its established offering. The three vessels will be conventionally fuelled and built to meet the latest International Maritime Organization requirements.
The suezmax design forms part of Beihai’s in-house “Venus Series” of liquid cargo vessels. The ships measure 274.3 m in length with a beam of 50 m and are designed to comply with IMO Tier III emission standards as well as Phase III of the Energy Efficiency Design Index (EEDI).
New Shipping has been steadily building exposure to the suezmax market. In September, the Greek owner placed an order for two suezmaxes at Samsung Heavy Industries, with construction allocated to HSG Sungdong Shipbuilding in South Korea, alongside options for two more vessels priced at around $82m each. Shipping databases list New Shipping with a fleet of more than 25 vessels spanning tankers and bulkers. The company was also linked last July to an order at Beihai Shipbuilding for two firm 163,000 dwt suezmaxes, again with options for additional units.
