Croatian shipbuilder Uljanik held a launching ceremony for a 50,000dwt oil and chemical tanker being built for the Spanish shipping company Marflet Marine at 3. MAJ Shipyard on Oct. 7, 2016.

The vessel, to be named Santiago, measures a length of 182.9 meters and a width of 32.2 meters.

Together with another 50,000dwt tanker, the vessel was ordered in January 2014.

The first ship under the contract, Panagia Thalassini, was launched this January.

Market value of each of the two newbuildings is US$33.01m, according to data provided by VesselsValue.

Apart from the tanker duo, Marflet Marine's fleet is currently comprised of four 43,600dwt tankers built between 2004 and 2006 by Uljanik.