Arcadia expands newbuild programme with Hengli LR2 trio

Hengli Heavy Industries Greek tanker owner Arcadia Shipmanagement has added three aframax/LR2 newbuildings at China’s Hengli Heavy Industries, taking its tanker orderbook to nine ships. The Panagiotis and George Angelopoulos-led company has signed for three 114,000 dwt vessels scheduled for delivery in 2028. Arcadia has listed the ships on its website, but pricing and technical specifications have not been disclosed. The latest deal gives Arcadia seven aframax/LR2s and two suezmaxes on order across Chinese and South Korean yards.Four aframax/LR2s are already due from Dalian Shipbuilding Industry Co in 2027. Arcadia originally contracted two firm ships and two options at the CSSC yard in late 2023, with brokers at the time placing the scrubber-fitted vessels at about $63m each. The company followed up earlier this year with two 157,000 dwt suezmaxes at HD Hyundai Samho. The pair, priced at around $89m each, is scheduled for delivery in March and May 2029. Arcadia recently took delivery of the 157,000 dwt Aegean Miracle from the same Korean yard, completing an earlier three-ship suezmax programme that also included the Aegean Fighter and Aegean Winner . The Athens-based outfit currently manages nine tankers comprising seven suezmaxes and two aframaxes. Its sister dry bulk operation Aegean Bulk is also working with Hengli on four kamsarmax newbuildings ordered late last year. Follow Us Adis Ajdin Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy. Newsletter DAILY SPLASH NEWSLETTER Subscribe now for FREE daily news updates. Subscribe Read Next August 4, 2026 Torm tied to MR newbuild series in China August 4, 2026 Minerva adds to boxship newbuild series August 4, 2026 Three seriously injured as drone strikes Turkish roro off Novorossiysk August 4, 2026 Crewmember missing after bulker struck in Hormuz August 4, 2026 MSC sues CargoLoop over electric vehicle fire Back to top button