Dubai-based Turkish owner Densay Shipping is strengthening its push into the tanker sector, adding two more MR newbuildings at China’s Wuhu Shipyard.
Shipbroking sources said the latest 50,000 dwt vessels, set for delivery in 2027, are optional units from the four-tanker order Densay placed at the end of 2024. The original batch — conventionally fuelled and fitted with scrubbers — is due for delivery in 2026.
The new orders bring Densay’s tally at Wuhu to six, marking a decisive expansion beyond its dry bulk roots. The company, led by Tayfun Gunerhan, has been a well-known name in the bulk carrier segment, operating a fleet of around 40 ultramax, supramax, handysize and capesize vessels.
The Wuhu project represents Densay’s first direct foray into tanker newbuildings, part of a wider fleet renewal strategy focused on modern tonnage and diversification.
Alongside the Chinese orders, Densay has also lined up a bareboat charter for an MR tanker under construction at Japan’s Imabari Shipbuilding, set to deliver in mid-2026.
No price details have been confirmed for the Wuhu newbuildings, which are designed for both oil and chemical cargoes.
In the secondhand market, Densay recently sold one of its two tankers — the 2010-built T Matterhorn — for just over $20m, having acquired the MR unit in 2018 for about $17m.
