Latsco Shipping has signed a $182m deal for two VLCC newbuildings at Hyundai Heavy Industries, bringing its orderbook of the large tankers at the South Korean shipyard to four.

The shipyard's parent, Korea Shipbuilding & Offshore Engineering (KSOE), said on Tuesday that the 300,000-dwt crude carriers had been ordered, without naming the company behind the deal.

KSOE, the Hyundai Heavy Industries Holdings company that controls its shipyard subsidiaries, said a European outfit has booked the crude tankers for delivery from the first half of 2022.