Vietnam Ocean Shipping expands product tanker fleet with South Korea newbuilds

Vietnam Ocean Shipping (VOSCO) has moved further into the tanker segment, lining up a pair of MR product tanker newbuildings in South Korea as part of its ongoing fleet renewal push.

Shipbuilding sources said the Haiphong-based owner has contracted two 50,000 dwt vessels at K Shipbuilding, with pricing understood to be around $52m per unit.

The order marks a steady expansion of Vosco’s tanker arm, which has historically played second fiddle to its dry bulk operations. The company currently runs a fleet of more than 10…