Shandong Shipping continues its drive to build up a significant product tanker fleet but a company official said reports of a two-ship purchase from Japan's Doun Kisen are premature.

Commercial sources have reported that the Japanese-built, 47,000-dwt Silver Express and 45,000-dwt High Enterprise (both built 2009) have been sold in a deal that is still on subjects at a price of $16.5m