The Philippines-based shipowner Fukujin Kisen K.K. has entered into an agreement for the construction of a chemical and oil carrier at Vietnamese Hyundai Vinashin Shipyard, according to data from Clarkson Research.

Under the deal, inked on February 3, the shipbuilder is scheduled to deliver the 50,000dwt carrier in 2018.

The financial terms agreed for the construction deal have not been disclosed.

World Maritime News contacted relevant parties for details related to the agreement.

Once delivered, the newbuilding will become a part of Fukujin Kisen's fleet of 27 ships, mostly comprising bulk carriers.

The company currently operates 23 bulkers, two containerships and two tankers, data provided by VesselsValue shows.