Overseas Shipholding Group (OSG) has confirmed an order for two product tankers at Hyundai Mipo Dockyard (HMD) in South Korea.
The US-listed firm has contracted the yard to build two 50,000-dwt ships for delivery during the second half of 2019.
OSG is believed to be paying slightly more than $37m for each vessel.
The duo will be built to comply with the IMO's new Tier III emissions standard.
