Capital orders 11 VLCCs in China

Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of 306,000 dwt. The total contract value …