Korea Shipbuilding & Offshore Engineering (KSOE) has confirmed orders for 10 VLCC newbuildings.
The company, which is the holding group for Hyundai Heavy Industries Holdings' shipyards, said the deal was worth KRW 986bn ($890.5m).
KSOE said the order would be split between Hyundai Heavy Industries, which will build seven VLCCs, and Hyundai Samho Heavy Industries, which will be responsible for the remaining three.
