Greece’s Golden Energy Management is continuing its aggressive fleet renewal strategy, placing a fresh order for a Suezmax tanker at South Korea’s DH Shipbuilding. This latest move by the Athens-based owner, controlled by the Restis family, underscores a sustained commitment to modernizing its crude oil transport capabilities.
\n\nStrategic Fleet Expansion
\nAccording to reports from leading shipbroking sources, the new contract involves a 157,000 dwt vessel with a reported price tag of approximately $89.5 million. The vessel is scheduled for delivery in 2029, a timeline reflecting the currently high demand for global shipbuilding slots.
\nGolden Energy Management has been one of the most active Greek players at DH Shipbuilding (formerly known as Daehan Shipbuilding) over the last few years. Since early 2023, the company has booked four other Suezmax newbuildings at the same yard, with delivery dates spread through 2027. This latest agreement brings their total tally to five units at this specific facility.
\n\nStrengthening the Suezmax Segment
\nThe Restis family group, which maintains a diverse portfolio including significant operations in the dry bulk sector, currently operates a fleet exceeding ten tankers. The ongoing investment in 157,000 dwt vessels highlights a strategic pivot toward the Suezmax segment, which remains a vital component of global crude trade routes.
\n\nDH Shipbuilding’s Growing Backlog
\nThe deal represents another significant win for DH Shipbuilding, which has seen its orderbook swell as Greek shipowners increasingly favor South Korean yards for high-specification tanker tonnage. So far this year, the shipbuilder has secured ten Suezmax orders, attracting business from prominent Greek entities including the Laskaridis group and Atlas Maritime.
\nWith this latest addition, DH Shipbuilding’s total orderbook has risen to 34 vessels, signaling a robust recovery and a steady pipeline of work well into the end of the decade. For Golden Energy Management, the move ensures they remain competitive by operating a younger, more efficient fleet in an evolving regulatory and commercial landscape.