Sweden’s Stena Bulk has announced today that it has placed an order for three 50,000 dwt MR tankers at China’s CSSC Offshore & Marine Engineering (CSSC OME).

The total value of the order is $200m, and includes an option for an additional two vessels. The first vessel is expected to be delivered at the end of 2017.

Erik Hånell, CEO of Stena Bulk, commented: “With their greater efficiency as regards fuel consumption and cargo, these vessels are also environmentally superior compared to many other vessels in their class, which, of course, is a major advantage. Commercially, they are a good complement to our fleet.”

CSSC OME was formerly Guangzhou Shipyard International (GSI), based in Guangzhou, and was taken over by China State Shipbuilding Corporation in March.