Zodiac and Cosco begin talks over LR2 order

Eyal Ofer’s Zodiac Maritime is looking into what would be its first newbuilding order since the tycoon took sole control of the company, TradeWinds understands.

London-based Zodiac is believed to be in preliminary talks with Cosco Shipyard Group over a deal that could mark a major expansion of the owner’s presence in the long-range-two (LR2) sector.

Tanker market sources claim that the discussions could lead to a series of up to eight LR2 newbuildings at the Chinese builder.

Old