New Times Shipbuilding has secured suezmax orders from two European shipowners, in business that could earn it $364m if all options are exercised.
In the bigger of the two deals, J Ludwig Mowinckels Rederi has placed its first order in nearly a decade with a contract worth a potential $208m at the Chinese yard.
The Norwegian shipowner has ordered two firm 158,000-dwt suezmaxes, with options for two more, shipbuilding market sources said.
