Finnish refiner Neste has splashed out $140m on a pair of specialised aframax tanker newbuildings in what appears to be a return to shipowning.

A spokesman for the company confirmed that Neste has contracted two ice-class 1A aframax vessels at Hyundai Heavy Industries in South Korea which he said are of a high specification.

He said the vessels are for trading in the Baltic Sea region but declined to give any further details.