Three shipowners are poised to ink time-charter contracts with energy major Shell on 10 LNG-fuelled VLCC newbuildings to be built in South Korea.

TradeWinds understands that Turkish-controlled Advantage Tankers will sign up to four of the vessels, with US-based International Seaways and AET of Malaysia taking three each.

The ships, which will be constructed at Daewoo Shipbuilding & Marine Engineering, are believed to be priced at around $100m each.