South Korea’s SK Shipping has continued to grow its VLCC fleet under its new private equity owner Hahn & Co — splashing out $175m on two conventionally-fuelled scrubber-fitted newbuildings at Daewoo Shipbuilding & Marine Engineering.

Tanker sources said the diversified shipping company had secured term charters of at least three years on the 300,000-dwt crude carriers with India’s Reliance Industries.