CMEC Orders Four VLCCs

Image Courtesy: CMEC

State-owned shipping operator China Merchants Energy Shipping (CMES) has signed building contracts for four of its planned ten very large crude carriers (VLCC).

Two 308,000 dwt vessels will be built by Nantong Cosco KHI Ship Engineering (NACKS) and Dalian Cosco KHI Ship Engineering (DACKS), two joint venture shipyards controlled by Chinese shipping company Cosco and the remaining two will be constructed by Japanese Kawasaki Heavy Industries.

The construction of the four VLCCs is worth an estimated USD 352 million.

CMES expects the first vessels to be delivered at the end of 2018.

The remaining six VLCCs are expected to be ordered soon.

Potential value of the entire deal is expected to reach around USD 920 million.

CMES’ Hong Kong-based subsidiary, China VLCC Company Limited, which was set up in early September, will be in charge of vessel operation.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Shipping2030 Asia

This year Shipping2030 Asia will take place with Global Liner Shipping conference, offering attendees unique access to networking with the container shipping industry…

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >