Evangelos Marinakis is already well in the money on his VLCC newbuilding project with the ships set to be delivered into a market with “fantastic opportunity”, a key group executive says.
Speaking at Posidonia today, Jerry Kalogiratos, rebuffed quips that anybody ordering a VLCC newbuilding today was suffering from insanity.
As TradeWinds has reported, Marinakis has ordered up to eight new VLCCs at Samsung Heavy Industries, with support from a group of private investors.
