SK Shipping continues to expand its VLCC fleet with secondhand vessels. It has bought four Hyundai Samho-­built crude carriers from fellow South Korean owner Sinokor Merchant Marine.

Tanker experts said SK Shipping has reportedly acquired the 2019-built, 300,000-dwt V. Glory, V. Harmony, V. Advance and the newbuilding V. Prosperity for $90m each.

The sales price includes a 10-year charter to domestic oil major GS Caltex at $30,000 per day, with an option to extend the hire for five years.