Shanghai Junzheng Logistics, China’s largest chemical carrier owner, has turned to Japan for its latest newbuildings, passing up Chinese yards despite a significant price premium for the Japanese ships.

A source close to the company confirmed the order for two 19,000-dwt ships from Fukuoka Shipbuilding but declined to comment on the price.

The ships are to be delivered in late 2021 and are part of a general fleet renewal, the source said.