Italian tanker owner Navigazione Montanari has returned to the shipbuilding market after an absence of almost 18 years.
It has commissioned Singapore-listed Yangzijiang Shipbuilding to construct two 41,000-dwt product carriers.
Shipbuilding sources said the contract does not include any option vessels.
The company is said to be paying close to $45m each for the MR1 tankers and is scheduled to take delivery in 2027.
