China’s Bank of Communications Financial Leasing (BoCom FL) has doubled its order for medium-­range (MR) tanker newbuildings at Hyundai Mipo Dockyard (HMD) to 12.

Industry sources say the Chinese leasing company has exercised six options for 50,000-dwt products carriers it held at the South Korean shipyard.

BoCom FL signed for six firm units in April on the back of charters to commodity trading giant Trafigura.