UK shipowner Union Maritime has secured long-term contracts with Norwegian oil major Equinor for two tanker newbuildings.

The London-based shipping company said it had fixed out the methanol dual-fuel 49,000-dwt IMO type 2 tankers, currently under construction at Wuhu Shipyard in China, to Equinor.

Union Maritime did not disclose the rates and charter duration but said the newbuildings are among the 10 MR tankers it has on order at China’s Wuhu Shipyard and Penglai Jinglu Shipyard.