Denmark's start-up tanker company Tankers Inc (TI) has contracted its first newbuildings in China.
The company, set up in August 2010, booked two 75,000-dwt LR1 products tankers at Dalian Shipbuilding Industry Co (DSIC) for delivery in 2013.
The Danish owner also secured two further options, it revealed.
The owner did not give a price, but similar ships have been costing $42m-$45m.
TI said it picked DSIC “after an extensive selection process, involving discussions with a number of different shipyards.”
It added: “The newbuildings are highly fuel-efficient and are designed to save up to 25% bunker fuel costs when compared to other LR1 tonnage on the water (depending on actual speed performed).”