Union Maritime is said to have ordered up to eight 18,500-dwt product/chemical tanker newbuildings at Fujian Mawei Shipbuilding.

Shipbuilding sources said the low-profile UK-based company has contracted the Chinese shipyard for four firm tankers built to the International Maritime Organization’s Tier II standards to be delivered in 2025. The deal includes an option for four additional vessels.

The newbuildings are said to be conventionally powered but methanol-ready.