Dynacom linked to LR1 newbuilding orders in China


George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding.

Moreover, it is reported that Dynacom has ordered two LR1 newbuildings at Yangzijiang Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each.

Overall, Procopiou companies are reported to have placed orders for 30 vessels at Chinese shipyards, at a total cost of USD 2 billion.