Advantage Tankers firms fresh VLCC and suezmax orders in South Korea

Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books.

Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for a 320,000 dwt VLCC at Hanwha Ocean in Okpo, due for delivery in September 2027. The deal follows a string of earlier VLCC contracts at the same yard, priced around $129.7m each, with brokers estimating the latest ship at $127m.

The privately held company, founded in 2014 and controlled by Nazli Williams, operates a mixed fleet of 26 tankers, including six VLCCs. Its latest order takes Advantage deeper into the crude segment at a time when charter rates for large tankers remain volatile but firm compared to recent years.

In a parallel move, Advantage has booked two 157,000 dwt LNG-ready suezmaxes at DH Shipbuilding, with delivery lined up for July and September 2027. No price has been disclosed for the pair.