Greek shipowner Enesel Group has expanded its return to dry bulk with a total of eight newbuildings now listed across two Chinese shipyards, according to Splash247. The Lemos family-controlled company, led by Andonis Lemos and Filippos Lemos, exited the dry bulk segment last year through the sale of three capesizes to Hayfin Capital. Now, the company is re-entering with a mix of ultramax and capesize vessels.
Order Details
| Yard | Vessel Type | DWT | Quantity | Delivery Schedule |
|---|---|---|---|---|
| Jiangsu Hantong Ship Heavy Industry | Ultramax | 63,500 | 4 | H2 2027 – H1 2028 |
| Hengli Shipbuilding (Dalian) | Capesize | 181,500 | 4 | H2 2027 – H1 2028 |
Splash247 reported that the four capesize hulls at Hengli represent an increase from the two capesizes first reported in April. The four ultramaxes at Hantong are a new addition. No price has been given for the ultramax series, but the most recent market quotes stand at about $35 million per newbuild.
Fleet Context
Enesel's existing fleet includes tankers (VLCCs, suezmaxes, aframax/LR2s) and containerships ranging from 10,600 TEU to 15,440 TEU. The eight dry bulk newbuildings will significantly boost the company's presence in the dry bulk segment when delivered.
Operational Implications
For logistics professionals, the new orders indicate a long-term commitment to dry bulk capacity. While delivery is scheduled for 2027-2028, the addition of 254,000 dwt of ultramax capacity (four vessels × 63,500 dwt) and 726,000 dwt of capesize capacity (four × 181,500 dwt) will add nearly 1 million dwt to global dry bulk supply. This could influence charter market dynamics for those lanes, though specific freight rate impacts are not detailed in the source.
Watch List
Key factors to monitor include the delivery schedule progress at Hantong and Hengli, any further orders from Enesel or other owners, and potential changes in dry bulk demand that could affect the absorption of these vessels.
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