DSIC Names COSCO’s New VLCC

China’s Dalian Shipbuilding Industry Corp. (DSIC) held on June 5 a naming ceremony for Xin Long Yang, a very large crude carrier (VLCC) built for COSCO Shipping.

On the occasion, representatives of the shipbuilder and the owner of the vessel also signed delivery and acceptance documents.

The 308,000 dwt Xin Long Yang belongs to a new generation of energy-saving VLCCs developed by DSIC, the shipbuilder explained.

With a gross tonnage of 162,000 tons, the newbuilding has a length of 333 meters and a width of 60 meters.

Currently, the market value of the newbuilding stands at USD 73.7 million, according to data provided by VesselsValue.

Apart from Xin Long Yang, COSCO has five 308,000 dwt and two 319,000 dwt VLCCs on order at DSIC, scheduled for delivery between 2017 and 2018.

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