Thanassis Laskaridis-controlled Alimia Group is ramping up its product tanker presence with MR2 newbuildings after making its debut in the sector last year with an order for a single LR2.

The Athens-based company told TradeWinds that it had signed a contract to build five MR2 tankers at China’s Penglai Zhongbai Jinglu Ship Industry.

No price details were revealed but the company said the conventionally fuelled vessels would be built to a South Korean design with “very high specifications” and without scrubbers.