After a spate of tanker orders at Hyundai yards in recent years, Kyklades Maritime is in advanced talks in China to book its next batch of newbuildings.

According to market sources in Europe and the Far East, the private side of the Alafouzos family’s shipping interests has signed a letter of intent for 115,000-dwt ice-class LR2 tankers at Cosco Shipping Heavy Industry Yangzhou Shipyard (Cosco HI Yangzhou).