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Dubai’s Onex DMCC buys newbuilding VLCC from Dynacom Tankers for record USD 200 million with immediate delivery

12 September 2026
3 sources

Dubai-based trading firm Onex DMCC has acquired a newly built very large crude carrier (VLCC) from Greek owner Dynacom Tankers for a reported record price of around USD 200 million, with the vessel delivered immediately. The transaction highlights the strength of the large tanker market, the premium attached to prompt-delivery ships, and the strategic preference of some buyers for immediate capacity over traditional shipyard orders.

According to Korean business media and international shipping coverage, Dubai trading company Onex DMCC has purchased a newly built VLCC from Greek tanker owner Dynacom Tankers at a headline price of about USD 200 million, with the vessel transferred to the buyer on an immediate delivery basis. The deal is described as one of the most expensive tanker sales in the current market cycle, with sources emphasizing that Onex was keen to secure prompt access to modern tonnage rather than wait several years for a new shipyard order. Related industry reports stress that demand for large crude carriers remains robust and that vessels already completed and ready to trade are commanding a significant premium over standard newbuilding contract prices.

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