Greece’s Nautilus makes tanker newbuild debut at Wuhu

Nautilus Management Greek owner Nautilus Management has entered the tanker newbuilding market with an order for up to two MR1 product and chemical carriers at China’s Wuhu Shipyard. Splash understands the deal covers one firm 41,000 dwt vessel and an option for a second. Delivery slots run from the third quarter of 2028 into early 2029, while pricing has not been disclosed. The ships are based on the SDARI 41 design and will be equipped with stern and vapour recovery lines, alongside other technical upgrades aimed at meeting oil-major vetting requirements. The contract marks the first tanker newbuilding project for the company led by brothers Dimitris and George Vernicos. Nautilus currently manages the 36,000 dwt handysize bulkers V Bros and V Isalos . The newbuilds will expand the brothers’ tanker interests alongside the 2022-built, 40,000 dwt Akti A , which is currently managed by Ancora Investment Trust. The Vernicos brothers took full control of Akti A earlier this year while selling stakes in three older tankers built between 2004 and 2008. The Wuhu order shifts their tanker renewal programme towards modern MR1 tonnage. 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 5, 2026 Fugro scores deepwater ROV contract for ONGC drilling campaign August 5, 2026 TGS launches seismic overhaul offshore Egypt August 5, 2026 Goldenport lifts ultramax newbuild bet August 5, 2026 Asso.subsea unveiled as buyer of Reach and Eidesvik’s IMR vessel August 5, 2026 Chinese lessors use Malta flag to rebuild European business Back to top button