South Korean shipyard Hyundai Heavy Industries (HHI) seems to be on the road of recovery since it has been linked to up to orders for four newbuilds.

Namely, Arab Maritime Petroleum Transport Company (AMPTC) has placed an order at the shipbuilder for two 158,000dwt LR3 tankers priced at US$70m each, showed VesselsValue data.

The ships are to be built by Hyundai's Ulsan yard and are scheduled for delivery in 2017 and 2018 respectively.

Separately, the shipbuilder has also received an order to build two liquefied natural gas (LNG) carriers worth US$400m. The company behind the order is said to be SK Shipping, a Korean shipowner.

Delivery of the two ships is scheduled for 2019.

Last year, HHI announced that it had been chosen as the preferred bidder to build up to three LNG carriers for its compatriot gas and power company SK E&S.

HHI said that it expected to sign the construction agreement for the 180,000cbm vessels during the first half of 2016, after final negotiations with SK E&S and the company's subsidiary SK Shipping, which will operate the LNG carriers.

The LNG carrier will transport LNG cargo from the US Freeport LNG liquefaction facility and export terminal.