Offshore Energy
  • news
  • test
JobsNewsletter
Offshore Energy logo
Topics
  • News
  • Contracts & Tenders
  • Authorities & Government
  • Automation
  • Business & Finance
Network
  • Dredging Today
  • NavalToday
  • Offshore Energy
  • Offshore Wind
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs

© 2026 Navingo. All rights reserved.

Home›Business & Finance›COSCO Heavy Industries launches Aegean’s 3rd ECO tanker
Business & Finance

October 25, 2022 · about 3 years ago

COSCO Heavy Industries launches Aegean’s 3rd ECO tanker

Chinese shipbuilder COSCO Heavy Industries (Yangzhou) has launched a 114,000 dwt newbuild Aframax tanker ordered by Greek shipping company Aegean Shipping Management. The vessel, to be named, Green Anax, hit the water on October 22 at Cosco Yangzhou facilities in Jiangdu District, China. The vessel

2 minutes read
  • LinkedIn
  • X
  • Email
Green Adventure

Chinese shipbuilder COSCO Heavy Industries (Yangzhou) has launched a 114,000 dwt newbuild Aframax tanker ordered by Greek shipping company Aegean Shipping Management.

The vessel, to be named, Green Anax, hit the water on October 22 at Cosco Yangzhou facilities in Jiangdu District, China.

The vessel construction is being supervised by Bureau Veritas (BV) and is in line with the latest Tier III environmental requirements. The Liberia-flagged Aframax is powered by MAN B&W 6G60ME-C9.5- HPSCR Tier III main engine.

The ship will be certified with the highest eco-friendly class notations, according to the Piraeus-based shipping company.

The tanker was ordered back in 2020 as part of a contract for two +two 114,000 dwt tankers.

The vessels are fitted with numerous fuel efficiency technologies enabling them to consume 30% less fuel oil when compared to older ships, Aegean said on its website. These include saver fins on the ships’ hulls, asymmetric rudder bulbs as well as ECO hull lines that reduce form drag enabling vessels to sail smoother with less resistance. The company said that each of its newbuilding vessels carries an Inventory of Hazardous Materials, so that at the time of decommissioning, the end-of-life ship is fully prepared for the safest and most effective recycling.

In May 2022, Aegean signed its first ESG-linked financial deal with Piraeus Bank SA to finance part of the acquisition cost for 2 out of the 4 “Green” new building Aframax vessels, to be named Green Anax and Green Azure.

“Our business strategy is focused on investing in modern and energy-efficient vessels with low emissions and minimal environmental impact, while offering the best value proposition and maintaining strong long-lasting relationships with our clients and financial institutions. Meeting or exceeding our customers’ requirements and expectations, while continually enhancing our operational efficiency, is key for our daily activities,” George Melisanidis , Chairman of Aegean Shipping, said at the time.

Aegean Shipping Management has six bulk carriers, three MR tankers, and four Aframax tankers in its fleet. Two tankers were delivered earlier this year, namely Green Admire and Green Adventure. Green Anax is slated for delivery later this year, while Green Azure, the final newbuild from the batch, is set for delivery in 2023.

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

Business & FinanceBusiness Developments & ProjectsGreen MarineVessels

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1ADES jack-up rig pair lines up drilling jobs in Nigerian and UK waters
  2. 2Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year
  3. 3Karoon boosts Brazilian field’s oil output with all wells now online
  4. 4TotalEnergies offloading Mexican shallow water block to Grupo Carso

Related articles

FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Karoon boosts Brazilian field’s oil output with all wells now online

10 days ago

Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies offloading Mexican shallow water block to Grupo Carso

10 days ago

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free

Related news

FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Karoon boosts Brazilian field’s oil output with all wells now online

10 days ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies offloading Mexican shallow water block to Grupo Carso

10 days ago