Samsung Heavy Industries has returned to the VLCC market with an order running to four tankers.
Seoul-listed Samsung announced the KRW 378.4bn ($334.79m) contract today in a move that takes the global VLCC orderbook to 99 vessels.
Samsung, which tells investors only that an Asian shipowner is behind the tankers, will deliver the series before July 2019.
At $83.74m each the deal appears to confirm a strengthening of VLCC newbuilding prices after troughs earlier this year at around $79m in South Korea.
