Constantinos Tomasos confirms the company has gone to Hyundai Mipo Dockyard (HMD) for two 40,000-dwt IMO II newbuildings. He suggests that final details in the contract, such as confirmation of the refund guarantees, may not have been clinched.

The ships, Hull No 261 and 262, are for delivery in October 2017 and January 2018. The deal does not include any options.

HMD