Greek LPG shipowner Benelux Overseas is stepping up its presence in the product tanker segment.

The company has signed up to three 50,000-dwt MR tanker newbuildings at Hyundai Mipo Dockyard (HMD).

Industry sources said Benelux has ordered two firm vessels, plus one option.

The company is said to have opted to install scrubbers on the product carriers and is paying close to $36m per ship.