SPM Shipping Marks Entry into VLCC Segment with Successful Acquisition of MT Shirayuki
Yanpu, China | 7th August, 2025
In a landmark development, SPM Shipping has announced the successful acquisition and takeover of the MT Shirayuki, a Very Large Crude Carrier (VLCC), marking a significant milestone in the company’s growth trajectory. The takeover was formally completed on July 9, 2025, at Yanpu, China, and signifies the company’s formal entry into the VLCC segment of the global maritime sector.
This strategic acquisition marks a new chapter for SPM Shipping as it transitions into the high-capacity, deep-sea crude transportation space, positioning the company to play a greater role in global energy logistics. As SPM’s first VLCC, the MT Shirayuki stands as a symbol of the company’s commitment to fleet diversification, operational excellence, and long-term strategic growth.
A Transformational Milestone
Speaking about the acquisition, an official from SPM Shipping said:
“The successful takeover of MT Shirayuki is a proud moment for all of us at SPM Shipping. This vessel represents more than just a fleet expansion—it reflects our vision to enter new verticals, meet global transport demands more efficiently, and deepen our presence across critical oil shipping routes.”
As VLCCs are the backbone of global crude oil transportation—typically capable of carrying around 2 million barrels of oil—the acquisition positions SPM to tap into new markets and trade lanes, especially those connecting the Middle East, Africa, and Asia.
Expanding Capabilities, Reinforcing Vision
The decision to enter the VLCC segment is not just an operational expansion but a strategic move aligned with SPM Shipping’s broader vision for sustainable, scalable growth. With a growing demand for energy transportation and evolving expectations in ESG (Environmental, Social, and Governance) compliance, VLCCs offer both economic and environmental advantages, including fewer voyages for equivalent cargo volumes and reduced per-barrel emissions.
SPM Shipping emphasised that the acquisition is part of a long-term plan to diversify its fleet, broaden its service offerings, and build enduring partnerships within the maritime value chain. The company remains committed to maintaining high safety, environmental, and operational standards, ensuring that all vessels under its flag operate efficiently and responsibly.
A Seamless Transition
The transition and handover process was carried out smoothly and efficiently, a feat made possible by the coordinated efforts of internal teams, technical managers, class authorities, and legal advisors. The company extended its gratitude to all parties involved in ensuring the transaction was executed with professional precision and timeliness.
“We owe this milestone to the dedication and expertise of our team and stakeholders. Their hard work enabled a seamless handover, reflecting the strength of our organizational commitment and culture,” the company statement read.
Industry Response
Industry observers have lauded the move as a bold but timely decision, especially as the global oil and shipping markets adapt to a post-pandemic recovery, energy diversification, and geopolitically sensitive trade flows.
Maritime analysts note that while the VLCC sector requires considerable capital investment and operational discipline, it also offers high-volume efficiency and long-haul flexibility—key benefits in an era of fluctuating fuel costs and evolving trade dynamics.
“With this acquisition, SPM Shipping has signalled its intention to compete at the highest levels of international tanker shipping,” said an independent maritime consultant. “Entering the VLCC market is not just a matter of size—it’s a statement of ambition.”
Looking Ahead
The MT Shirayuki will soon be integrated into SPM’s operational ecosystem, with plans for its first commercial voyage already underway. The company is expected to optimise the ship’s routes across major crude trade corridors, particularly between the Middle East and Asia-Pacific, where energy demand continues to surge.
In line with its responsible ownership philosophy, SPM Shipping also noted that the Shirayuki would be operated in compliance with IMO 2020 regulations and equipped with modern systems for fuel efficiency and emissions monitoring.
With this bold move, SPM Shipping steps into the global spotlight, joining the ranks of established VLCC operators while staying true to its core values of responsibility, innovation, and excellence. As the maritime industry evolves, the company’s forward-looking strategy positions it well to navigate future challenges and seize emerging opportunities.
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