Niovis Shipping, primarily known as a bulker owner, is pushing further into the tanker market with a fresh newbuilding order.

The Greek company, which joined the wet trade at the end of last year after buying a resale aframax tanker, has ordered an MR tanker.

Shipbuilding players said Niovis has contracted South Korea’s Hyundai Mipo Dockyard (HMD) to build the 50,000-dwt product carrier.