LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's biggest oil-tanker company by capacity, ordered two crude oil-carrying vessels from Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Group Co. Ltd.Each will be able to haul 1 million-barrel cargoes of oil. They are due for delivery in 2010, Frontline said in a statement to the Oslo Stock Exchange yesterday, without disclosing their price.

The cost such carriers, known as suezmaxes because they are the largest capable of passing through Egypt's Suez canal, is about $80 million each, according to Oslo-based shipbrokers Fearnleys AS.

The company made an average of $31,200 a day from hiring out each of its suezmaxes in the fourth quarter of last year, Frontline said on February 27. It has eight ships on order, including the pair announced yesterday.