The Shenzhen-listed shipownerhas sealed 10-year charter deals with Shandong Shipping for the four newbuildings.

The charter contract for the quartet is less than $60m ayear, which works out to around $1.25m per month per ship.

Oriental, which is also Zhangjiagang Oriental Energy CoLtd (Zouec)/Donghua Energy, says it will be taking delivery of the firstnewbuilding in December 2016. The builder of the 84,000-cbm gas carriers is notdisclosed.