APC Signs Newbuild Vessel Agreement with Champion Tankers

Advanced Polymer Coatings (APC), based in Avon, Ohio, has been selected to supply its high-performance MarineLINE® coating for up to six new vessels under construction for Champion Tankers.

The agreement includes the initial application of APC’s MarineLINE® coating system to four IMO II-classified product and chemical tankers, which will be built at China’s Chengxi Shipyard.

Construction of the first vessel for the privately owned Norwegian tanker operator is scheduled to begin later this year, with three additional tankers planned for 2026. The agreement also includes an option to build two more vessels at the same shipyard.

Champion Tankers was founded over 20 years ago by Karl L. Kvalheim and Arne Viste, both seasoned and accomplished shipbrokers in the clean petroleum products and chemical chartering industry.

The company specialises in transporting vegetable oils, liquid fertilisers, easy chemicals, and molasses, along with Clean Petroleum Products (CPP). It focuses on the commercial operation of medium-range (MR) tankers with IMO Type 2/3 classification.

Champion’s choice of MarineLINE® was driven by its exceptional chemical resistance, quick and easy cleaning process, and its ability to minimise the risk of contamination from previous cargoes.

APC’s strong dedication to customer service was another key factor in securing the contract. This marks the company’s first collaboration with Champion Tankers and adds to a growing pipeline of projects confirmed at the beginning of 2025.

Onur Yildirim, APC Global Marine Manager, said, “The deal to supply Champion Tankers is the latest indication of the growing demand for MarineLINE® from vessel operators.

“They’re finding MarineLINE® to be a compelling choice. It protects cargo tanks against more IMO-approved chemicals than any other coating. Thanks to its high resistance, glossy finish, and low absorption, it allows for significantly faster cleaning—outperforming both stainless steel and epoxy coatings.”

“Faster cleaning times lead to quicker vessel turnaround, which can free up additional sailing days—ultimately enhancing performance, earning potential, and overall profitability. MarineLINE® also offers clear environmental benefits, making it a smart and sustainable choice.”

“Its superior resistance, ease of cleaning, and ability to seamlessly switch between chemical cargoes are all key factors driving decision-making.”

The deal with Champion Tankers marks the latest significant fleet contract win for APC. In 2024, APC achieved its best trading year yet, with an 18 percent increase in sales, including newbuild and recoating agreements.

Source: Advanced Polymer Coatings