South Korean shipbuilder Hyundai Samho Heavy Industries has won an order to build four VLCC newbuildings worth KRW 400bn ($367m).

The order, which was announced by Korea Shipbuilding & Offshore Engineering Co (KSOE)— the parent for Hyundai Heavy Industries Holdings’ group of shipyards — prices the 300,000-dwt vessels at about $91m each.

KSOE did not name the owner behind the contracts.