Angeliki Frangou-led Navios Maritime Partners is being named as behind an order for up to four container ships contracted in South Korea.

HJ Shipbuilding & Construction said on Thursday it had inked a newbuilding deal for two 7,900-teu vessels at $110m each from an unnamed European shipping company.

The contract includes options for two additional ships that “potentially raise the total contract value to KRW 600bn”, the shipyard said.