Horizon Tankers Contracts Six Newbuild MR Vessels from Chinese Shipyard

industry sources estimate the cost to be upwards of $45 million per vessel. The agreement also includes options for two additional units, which can be exercised at a later date. This move marks Horizon Tankers ' return to newbuild orders, the last of which were placed in 2014 when the company ordered two MRs from South Korea’s Sungdong Shipbuilding & Marine Engineering . Established in 2007 and headquartered in Piraeus, Horizon Tankers currently operates a fleet comprising four suezmaxes and eight MR2s, as listed on its official website. This strategic expansion aligns with the company's ongoing efforts to modernize and enlarge its fleet, reinforcing its position in the competitive tanker market. The acquisition of these new vessels underscores Horizon Tankers ' commitment to growth and operational excellence in the chemical and product carrier sector.