Container ship and bulker owner Cape Shipping is said to be expanding its fleet with tanker newbuildings.

Shipping sources say the Greek shipping company has ordered two 74,000-dwt LR1s at Yangzijiang Shipbuilding and two 115,000-dwt LR2s at Dalian Shipbuilding Industry Co, known as DSIC.

‘Tremendous’ increase: Tanker orderbook has doubled in a year, Greek shipbroker says
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The deal comes after Cape returned to tankers late last year, having exited a decade earlier.