State-owned Dalian Shipbuilding Industry Co (DSIC) is close to bagging a $164m contract for a pair of VLCC newbuildings from Procopiou family-led Dynacom Tankers Management.

Attracted by pricing, the George Procopiou-founded shipowner is said to have commissioned the Chinese shipyard to build the 300,000-dwt crude carriers for delivery in late 2022.

One DSIC executive played down the tanker contract, saying no deal had been done.