Mitsubishi Heavy Industries will build one of four VLCCs ordered by the Navios group at Imabari Shipbuilding.
The move is the result of a cooperation pact drawn up by Japanese yard groups Mitsubishi, Imabari, Namura Shipbuilding and Oshima Shipbuilding in 2017.
The idea was that Mitsubishi would contribute its advanced design, technology and engineering skills, and build ships at the lower-cost facilities of its three partners.
