Nascent DH Shipbuilding — formerly Daehan Shipbuilding — is set to ink its first newbuilding contract after it comes under the control of merger-and-acquisition specialist KH Investment.

Shipping sources said DH Shipbuilding’s sales team is in Europe this week to sign newbuilding contracts with Leon Patitsas-led Atlas Maritime and Belgian tanker owner Euronav.

TradeWinds has learned that Atlas Maritime will be signing up for two aframax crude carriers.