South Korea-based Hyundai Mipo Dockyard has received an order to build four MR product tankers for an unnamed European client.

The value of the contract is KRW168.9bn (US$143.9m), the shipbuilder said in a stock filing.

The vessels are scheduled to be delivered by the end of the first half of 2017.

The shipyard's current orderbook now stands at KRW 3.97tn (US$3.38bn).