Maersk Tankers has ordered 4 MR product tankers to be constructed at the Sungdong Shipbuilding & Marine Engineering Co. of South Korea.

The contract includes an option for two more tankers of the same type. The four vessels are due to be delivered in 2016.

“We focus our investments on the product tanker segment. To remain attractive in this market, we constantly renew our fleet. Our MR vessel is the oldest in the fleet, so we begin the renewal here,” says Maersk Tankers outgoing chief executive, Hanne B. Sørensen.