Tanker management company Central Shipping Monaco has placed an order at Hanjin Heavy Industries & Construction (HHIC) in the Philippines for up to four 115,000 dwt tankers.
The order includes two firm plus two additional Long Range 2 (LR2) tankers, valued at USD 45 million each, according to Intermodal Research and Valuations.
The newbuildings are scheduled for delivery in 2019.
Central Shipping Monaco has seven tankers in its fleet and three newbuildings, also being built by Hanjin Heavy Industries, slated for delivery in 2018.
World Maritime News is yet to receive a reply from the company seeking comment on the matter.