Piraeus and New York-based owner SteelShips has signed up for a fresh pair of medium-range product tanker newbuilds in South Korea. Shipbuilding sources report the Nicholas Notias-led outfit has returned to its go-to yard, K Shipbuilding, for two more 50,000 dwt units with delivery expected in 2027. No price has been revealed for the newbuilds, which will reportedly be LNG and methanol ready. SteelShips diversified from its dry bulk shipping business with an order for an MR2 brace at K Shipbuilding in 2021, which was followed by four more newbuilds at the same yard by May 2023. Of those six ships, five were flipped at a profit, and the company currently owns one MR, the 2022-built Marina M. In addition, SteelShips lists seven bulkers on its website and a letter of intent in China for up to four ultramax newbuilds with delivery set for 2026. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsGreece South Korea