Solvang has confirmed an order for two 21,000-cbm ships at Hyundai Mipo Dockyard (HMD).

Oslo-listed Solvang had a letter of intent in place with the South Korean yard for two firm vessels and two options.

It said on Friday it had firmed up the deal.

Solvang had to lift subjects before the end of March.

The Steensland-controlled company is paying in excess of $50m for each ship, TradeWinds understands.

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