Maran Tankers is making a foray into the shuttle tanker sector with a three-ship newbuilding project worth $390m at a South Korean shipyard after scooping charters for the vessels from Brazilian energy company Petrobras.

Newbuilding sources said the Maria Angelicoussis-led Greek owner has signed a provisional newbuilding contract with DH Shipbuilding for three 158,000-dwt dynamic positioning two shuttle tankers.