Rapidly-expanding Greek owner Venergy Maritime is pressing ahead with its fleet growth plans, firming up more MR product tanker orders in South Korea as it steadily builds scale in the sector.
The Vyron Vasileiadis-led owner, founded in 2021, has mostly kept its focus on the product tankers segment. Venergy currently operates three modern MRs and has been working through a firm four-ship newbuilding programme at South Korea’s K Shipbuilding, with deliveries running through to 2027.
That programme has now been expanded. K Shipbuilding said it has signed a contract with a European shipowner for two firm plus two optional 50,000 dwt units, a deal widely linked to Venergy. The total contract value is put at around $200m, implying a price of about $50m per vessel. The latest firm ships are expected to be delivered in the third quarter of 2027.
With the new deal, the fast-growing owner now has up to eight MR2s on order at the South Korean yard, underlining its commitment to building a modern, fuel-efficient fleet.
The tanker push comes alongside broader diversification across the wider Vasileiadis Group. Last year, sister company OceanV stepped into the containership space, placing its first order for up to four 1,900 teu feeder vessels at CSSC’s Huangpu Wenchong Shipbuilding in China. The contract includes two firm ships and two options.
Operating under the wider V Group umbrella, Venergy sits alongside businesses spanning port reception facilities, waste management, renewable energy and alternative fuels — a background that continues to shape its cautious but steady expansion at sea. The company also has LR2 tankers on order in China with options for two more, giving the group exposure across multiple shipping segments.
