Central Shipping Monaco, owned by Evangelos Pistiolis, has exercised an option to build a 50,000 dwt MR tanker. The option was part of one plus one contract signed in November 2016 with Hyundai-Vinashin in Vietnam. The price is thought to be $32.5m per ship. Both vessels will deliver in 2018.
Central Shipping Monaco has another similar ship under construction at the same yard for delivery this year.