Tanker owner Marinvest of Sweden is boosting its fleet by placing an order for two 50,000-dwt product tankers at Hyundai Mipo Dockyard in South Korea.

The ships are being built against long-term employment to Canadian methanol producer Methanex and its subsidiary Waterfront Shipping, according to sources with knowledge of the deal. They are set for delivery in 2019.

Marinvest managing director Patrik Mossberg declined to comment.