Korea Line Corp (KLC) said Friday that it had placed an order for two VLCC newbuildings at Hyundai Heavy Industries (HHI).

The contract is worth KRW 185.6bn ($173m), the shipowner said in a regulatory filing, Delivery dates were not disclosed.

TradeWinds first reported that KLC was set to be the next major shipowner to invest in VLCC newbuildings late last week and reported in this week's print edition that HHI had won the contract.