Sources say two 63,000-dwt ships will be delivered next year, with three more to follow in 2018.

Owner Lars Torger Ugland could not be reached for comments before TradeWinds went to press.

LT Ugland co-operates closely with Tsuneishi of Japan and its shipowning arm, Kambara Kisen and some sources suggest the new order has been placed by Kambara.

All of LT Ugland’s ships are either built at Tsuneishi Zhoushan or Tsuneishi Cebu.

LT