All timeline stories.

Entering the offshore market

By |2018-11-15T12:38:57+01:00November 13th, 2018|

In 2008 the company took delivery of three 13,000 tdw chemical tankers as well as two smaller tankers of 6220 tdw for a sister concern operating in the parcel trade for chemicals. Also the first Platform Supply vessels were delivered from yards in India and Indonesia.

Birth of the “White Elephants”

By |2018-11-13T17:19:58+01:00November 13th, 2018|

The ULCC’s, delivered between December 2001 and March 2003, were designed to very high standards in keeping with the tradition of safety and excellence for which the Hellespont Group has been known. Apart from being amongst the largest tanker vessels in the world, these vessels were best known as the “White Elephants” which took into [...]

First Two Tankers Ordered

By |2018-11-13T17:01:48+01:00November 13th, 2018|

In 1955, Papachristidis made his first move into the carriage of oil by ordering two 20,000 dwt oil tankers in Belgium. This initiative, soon to be rewarded with time charters from oil majors, set the stage for further penetration into this fast-growing sector of shipping.

The New Generation

By |2018-11-13T17:26:46+01:00November 8th, 2018|

During 2010, the company eventually completed their ambitious newbuilding program, with the last of the three 17.000 tdw chemical tankers joining the fleet.

The tanker fleet grows further

By |2018-11-15T12:38:28+01:00November 8th, 2018|

All vessels acquired or contracted since late 2004 were financed in the German KG market, which had the appetite for more tonnage in all tanker segments. Hellespont completed the Panamax Newbuilding project in 2007 by taking delivery of the last two vessels from the yard in China. At the same time they bought a 1999 [...]

Entering the Panamx Tanker segment

By |2018-11-15T12:38:09+01:00November 8th, 2018|

The year 2006 saw the delivery of the first four Panamax class tankers ordered in 2004 from a yard in China. But this year also saw another change in the fleet focus with the placement of an order of six newbuilding Platform Supply Vessels for delivery in 2008 and 2009, which was the first step [...]

Aframax Tanker join the fleet

By |2018-11-15T12:37:36+01:00November 8th, 2018|

The high tanker freight market of 2004 presented the opportunity for the Group to take advantage of the high second hand sale and purchase market, and to sell the ULCCs at a handsome profit. While the Group waited for the tanker market to abate before undertaking its next speculative tanker investment, it was seeking to [...]

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