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Evalend Signs Contracts for MR1 Tankers in South Korea

Greece’s Evalend Shipping has lifted its orderbook of product carriers with a fresh order in South Korea for four, albeit smaller, units.

Multiple shipbroking outfits have named the Kriton Lendoudis-led diversified owner behind the deal at Hyundai Mipo Dockyard in Ulsan for an MR1 quartet.

The 37,000 dwt units, worth more than $190m, will add to the Athens-based company’s 50,000 and 75,000 dwt tankers delivering between 2024 and 2026. The latest newbuilds are scheduled for handover by June 2026.

Shipbuilding databases list Evalend with more than 30 newbuilding projects, the majority of which are energy carrier vessels set to join the fleet of over 50 ships, with more than half currently being bulk carriers.

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