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IMC Group orders tanker quartet at GSI

IMC Group orders tanker quartet at GSI

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Singapore’s IMC Group has signed shipbuilding contracts with Guangzhou Shipyard International, an affiliate yard of CSSC Offshore & Marine Engineering, for the construction of four 55,000 dwt product tankers.

The contract also includes options to construct an additional four vessels. Pricing and delivery dates were not disclosed.

Founded by the Tsao family, IMC Group currently operates a fleet of 23 tankers and 10 bulkers.

GSI has secured a series of new tanker orders in the past month. In addition to this latest IMC order, it secured orders for seven tankers from Cosco Shipping Energy Transportation and three tankers from Shanghai North Sea Shipping.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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