Centrofin Management, the Greek shipping company led by Dimitris Procopiou, has acquired the “Psara”—a 50,576 DWT MR product tanker scheduled for delivery in 2026—which was originally named the “CC Tianjin”.
According to Clarkson data, the new vessel was originally ordered by the Chinese shipowner Zhejiang Fuhua from Jiangsu Soho Chuangke Shipbuilding (formerly Sainty Shipbuilding) and is part of a series of product tankers scheduled for delivery between 2025 and 2026.
The sale price for the vessel has not been disclosed; however, Greek shipbrokers estimate the current resale value of a modern MR product tanker at approximately $55 million—about $3 million higher than the cost of a newbuild of the same type, which stands at around $52 million.
Centrofin executives recently stated that the company is expanding its fleet—currently comprising 43 vessels—through a combination of newbuilding investments and secondhand acquisitions.
Fleet data indicates that Centrofin currently operates three MR2 product tankers—two built in 2009 and one in 2018—suggesting room for fleet renewal and expansion within this segment. In 2025, the company acquired two modern LR2 tankers from Enesel for approximately $143 million.
Regarding newbuilds, Centrofin currently has orders for four Suezmax tankers at South Korean shipyards, scheduled for delivery by 2028, and eight Kamsarmax bulk carriers at Chinese shipyards, with full delivery expected by 2026.