George Procopiou’s appetite for newbuildings continues unabated, even though he has spent more than $1.5bn ordering a slew of tankers and bulkers in the past four months.

The Greek shipowner’s Dynacom Tankers Management, which recently ordered four VLCCs at New Times Shipbuilding in China, will be stacking its huge orderbook with two more vessels.

Shipbuilding sources following Dynacom’s newbuilding activities said it made a provisional order for a pair of 320,000-dwt crude carriers at state-owned Dalian Shipbuilding Industry Co (DSIC) several weeks ago.