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W Marine orders first newbuilds since 2006

Greece’s W Marine has ordered a pair of 82,000 dwt kamsarmaxes in China, marking its first newbuild foray in nearly 20 years.

The Yannis Sarantitis-established bulker owner has tapped Chengxi Shipyard to build and deliver the duo in 2026 for a reported $72m.

W Marine lists 16 vessels on its website ranging in size from panamax to post-panamax, including the 93,000 dwt W Ace, the company’s only newbuild contracted back in 2006.

Despite its inactivity on the newbuilding scene, the company had picked up five ships in the secondhand market last year, the latest being the 81,600 dwt Presinge Trader. The 2016-built ship, costing about $25.5m, will be W Marine’s youngest bulker upon delivery around March. 

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.
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