S.Korea shipyard SHINA has just contracted a new order for 2+2 51,000 dwt product oil tankers with GESCO. The newbuilding price is estimate to be $35m-37m and delivery is scheduled to be the second half of 2012. It is reported as the first order the yard got after applying for enterprise rectification in December of 2009.

In addition, it is said tat Odfjell is also considering new orders with the yard after purchasing two 44,000 PC from the yard in last December.