Evangelos Marinakis-controlled Capital Maritime & Trading is to kick start the ordering of a new breed of VLCCs by inking the first order for an LNG-fuelled newbuilding at South Korea's Hyundai Heavy Industries.

HHI president Sam Ka was seen heading for Europe last week in connection with the deal, sources said.

“We understand Capital and HHI have arranged to meet to finalise the order,” a shipbuilding player said last week.