Greek dry bulk owner Efnav has made its first move back into newbuildings since 2021, securing six Kamsarmax bulk carriers at Hengli Shipbuilding in China. The 82,000-dwt vessels are scheduled for delivery in the second half of 2026, according to industry sources.
The deal signals a strategic fleet renewal push from Efnav, which currently operates 15 bulk carriers, and coincides with a wider surge in Kamsarmax investment among Greek owners. Brokers report that this vessel class now represents over 60% of all new Greek bulk carrier orders placed in 2025.
Each ship is understood to cost in the region of USD 36–38 million, aligning with current shipyard pricing for conventionally fueled but high-efficiency bulkers designed to meet tightening emissions standards. While precise specifications have not been disclosed, Hengli has been positioning itself aggressively in this segment and has recently won several high-profile dry bulk and tanker contracts from Greek and Asian owners.
Efnav’s return to the orderbook reflects a measured rather than speculative move. Aimed at modernizing its fleet without betting prematurely on unproven alternative-fuel technologies.
This order adds to growing evidence that Chinese yards are rapidly gaining share in the Kamsarmax and Panamax market, particularly among European shipowners, as price and delivery slots tighten at top-tier Korean builders.
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