Pistiolis placed a 50,000-dwt tanker at the Vietnamese yard in April via private company Central Shipping Monaco in a deal that also included an option.

While the option has now elapsed, Pistiolis tells TradeWinds it is likely a second ship will be placed shortly on similar terms to the first.

Since the Central Shipping tanker was ordered in April it has been fixed on a charter running for four years plus an option at well over $16,000 per day, Pistiolis says without revealing the identity of the counter party.

Top