Samsung Heavy Industries Ningbo has racked up orders for up to 13 newbuildings from two prominent owners in deals that could be worth $420m in total.

Maersk Tankers and Capital Maritime have both placed contracts for medium-range (MR) tankers at the yard, which is building a reputation in the sector.

Maersk Tankers is splashing out almost $300m on nine firm MRs as it continues the renewal of its core products tanker fleet.