Canada’s Algoma Central and Swedish shipowner Furetank have deepened their partnership in their joint venture by ordering four more product tankers from a Chinese shipyard.

Algoma, which owns and operates bulk carriers and tankers on the Great Lakes and St Lawrence Seaway, signed a deal with Furetank in August to build four 17,999-dwt product tankers built at China Merchants Jinling Shipyard.

The 50-50 Furebear joint venture announced on Thursday that it has ordered four more of the dual-fuel, ice-class ships to trade in northern Europe, bringing the total investment to eight vessels.