Greek Vernicos Family Orders MR1 Tankers in China

systems, and upgraded features to comply with ExxonMobil's technical requirements and broader oil-major vetting standards. This move reflects the Vernicos family's strategy to modernize their tanker fleet with younger, higher-specification assets. Since 1992, the Vernicos family has traded more than 70 vessels in the product and chemical tanker segment. Their current fleet includes the 39,847 DWT Akti A, built in 2022, while older tonnage has been recently sold. The order also contributes to Wuhu Shipyard's expanding MR1 portfolio, which includes projects for European owners such as Transka Tankers and Ardmore Shipping. This deal marks a significant step for the Vernicos family in renewing their tanker presence and for Wuhu Shipyard in attracting experienced European clients to its chemical and product tanker newbuilding program.