The Vafias family of Greece has joined the flurry of activity in the MR product tanker market with a newbuilding order in South Korea.

Private Vafias vehicle Brave Maritime has moved on a $108m brace at Hyundai Mipo Dockyard in Ulsan, TradeWinds understands.

The deal extends a strong relationship between the shipowner and shipyard, which spans tanker and gas markets.