GSI and Dalian Ocean Pen Newbuild Deal

Cosco Dalian Ocean, a wholly owned subsidiary of Cosco Group, and Guangzhou Shipyard International (GSI) have entered into a contract for the construction of three MR newbuilds.

The contract signing ceremony for three 50,000 DWT tankers was held yesterday in Dalian. Managing director Zhu Jianhui from Cosco Dalian, President Han Guangde from Guangzhou Shipyard signed the deal.

Despite being more famous for its suezmax, VLCC, aframax and LR fleets, Cosco Dalian decided to enter into the MR sector. Cosco and GSI declined to reveal further details on the deal, but according to some unofficial sources, delivery of the ships is expected to take place in 2017.

Cosco Dalian, specializing in liquid bulk transportation, currently owns and operates 40 vessels including tankers, LPG carriers.


June 12, 2014




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