Pertamina Shipping has inked up to four crude oil tankers in China.

The Indonesian shipping company, which is renewing its ageing fleet, has gone to New Century Shipbuilding for three 40,000-dwt newbuildings for delivery during the first half of 2016. The deal includes one option.

A New Century executive confirms the order but declines to disclose the price, apart from saying the deal was concluded at a market level.