Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers.

The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as “world-renowned shipowners”.

Delivery details and financial terms have not been disclosed， but shipbuilding sources estimate each newbuild to cost around $45m.

New Dayang said the tankers would not only be “highly intelligent and have excellent environmental performance”， but also be methanol fuel ready.

The yard， which Sumec took over in 2018， has an orderbook that stands at more than 100 vessels most of which are ultramax bulkers of its flagship Crown 63 Plus design.