Samsung Heavy Industries has sealed an order for two shuttle tanker newbuildings worth $127.5m each.

In a regulatory filing, the South Korean shipbuilding group said an “Oceania” shipping company ordered the pair, which will be delivered by the first half of 2025.

SHI did not disclose the size of the tankers or the identity of the company. However, shipbuilding sources following the yard’s ordering activities named New York-listed Tsakos Energy Navigation (TEN) as the buyer and said the order is for two 160,000-dwt crude shuttle tankers.