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Swiss tanker owner and operator Advantage Tankers has officially entered the MR product tanker sector after ordering four new vessels from a Chinese shipyard.
Sources from the maritime brokerage and market sector revealed that Advantage Tankers has signed an order with Guangzhou Shipyard International (GSI) for the construction of four 50,000 dwt MR product tankers.
Delivery is expected by 2029, although the price of the new vessels has not been disclosed.
Advantage Tankers has remained active in the newbuilding market in recent years, having ordered multiple crude oil tankers – primarily Suezmax and very large crude carriers (VLCCs) – from shipyards in China and South Korea.
Fleet data on Advantage Tankers' official website lists 12 vessels in its newbuilding program, including four 320,000 dwt VLCCs from Hanwha Ocean, four 157,000 dwt Suezmaxes from DH Shipbuilding, and vessels from Dalian Shipbuilding Industry Corporation (DSIC); delivery of these vessels is scheduled between the second quarter of 2027 and the third quarter of 2029.
The newly announced order for four 50,000 dwt MR product tankers has not yet been incorporated into the company's newbuilding list.
Advantage Tankers began operations in 2015 and currently manages a fleet of 28 oil tankers, comprising six VLCCs, 11 Suezmaxes, four Aframaxes, and seven LR1 product tankers. Therefore, this latest order marks the company's official entry into the MR product tanker segment.
Chinese shipyard GSI is a key player in securing MR product tanker orders; including the Advantage Tankers project, the shipyard has secured orders for more than 20 vessels in this segment so far this year.
