Waterfront Shipping has confirmed that it is behind orders for eight methanol dual-fuel MR tankers at South Korea’s Hyundai Mipo Dockyard (HMD).

The Canadian company, which is part of Methanex Corp, said the vessels are part of its fleet-renewal programme to replace older vessels with newer more efficient tonnage.

The ships have been contracted by Marinvest, NYK Line, Meiji Shipping, KSS Line and Mitsui OSK Lines, but it did not say how many ships each owner was responsible for.