Greek owner John Angelicoussis has inked shipbuilding contracts for up to eight newbuildings worth over $1bn with his favourite but troubled South Korean yard DSME.

Angelicoussis’ Maran Gas Maritime is understood to have agreed an order for two 175,000-cbm LNG carriers priced at $185m each plus a pair of optional vessels.

The LNG newbuildings are to be fitted with M-type, electronically-controlled, gas-injection (ME-GI) propulsion systems and GTT’s new NO 96Max cargo containment system.

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