Evangelos Pistiolis has continued the rebuilding of his fleet with a major newbuilding order that marks a move into a new area of the market.
Pistiolis has turned to South Korean shipbuilder Hanjin Heavy Industries for his latest series of eco tanker newbuildings in a transaction that takes him into the long-range-two (LR2) products tanker sector.
Central Shipping Monaco, a private company controlled by Pistiolis, has placed a potential $200m contract with Hanjin that extends an active period for the shipowner.
