Belgium’s Transpetrol has returned to Hyundai yards for product tanker newbuildings — ending a four-year break from the shipbuilding markets.

Shipowner Michiel Rutten has joined the crush of big names inking contracts for the ship type with a deal for conventionally fuelled LR2s worth $140m.

Shipbuilding players following South Korea’s Hyundai yards said his company was behind the two 115,000-dwt vessels that HD Korea Shipbuilding & Offshore Engineering announced last week.