China's Guangzhou Shipyard International has won an order for up to six fuel-efficient tankers from Copenhagen-listed Norden.
Norden inked two firm handysize tankers at the yard with options for four more.
Delivery of the two firm vessels is slated for 2014.
“In future, handysize is expected to be an attractive vessel type as the global order book only comprised 4% of the fleet at the end of the second quarter. Furthermore, scrapping of old vessels has resulted in negative fleet growth in 2010 and 2011 of 6% and 2%, respectively,” Norden explained.
“The vessels have significantly lower fuel consumption than comparable vessels in the market and are thus in line with Norden's strategic focus on fuel efficiency,” it said.