Fisheries company Rongcheng Xinrun is building up its fleet of small products tankers with an order signed last Friday at its Shandong province neighbour shipyard, Penglai Zhongbai Jinglu.

The price of the 11,500-dwt tanker was not disclosed. Online information from the shipowner indicate that the small tanker will be a step up for Xinrun, which now has four small tanker in coastal oil distribution, none larger than the 5,000-dwt Xin Run 17 (built 2008).