Sweden’s Furetank and Canada’s Algoma Central Corp have teamed up for a series of product tanker newbuildings.

A 50:50 joint venture, to be named FureBear, will build four dual-fuel vessels at China Merchants Jinling Shipyard in Yangzhou.

Delivery of the 17,999-dwt Vinga-class ships — comprising two orders already placed by Furetank and two additional orders — is expected between 2023 and 2025.