A four-strong team of masters and chief engineers who launched their own company two years ago has ordered its first newbuilding and has plans for more tonnage.

Sweden's Wisby Tankers AB placed a contract at Ferus Smith in the Netherlands for a products tanker.

Johan Markstrom, one of the Wisby founders, says further ships of between 5,000 dwt and 50,000 dwt could be in the pipeline.