Greater ChinaShipyardsTankers

BoComm Leasing confirms order for 12 LR2 tankers at CSSC for Shell charter

BoComm Financial Leasing, the leasing arm of Bank of Communiciations, has entered into shipbuilding contracts with two CSSC yards for the contruction of a total of twelve 120,000 dwt LR2 tankers.

The 12 vessels will be equipped with LNG dual-fuel engines, with four of them to be built by Waigaoqiao Shipbuilding and the remaining eight by Guangzhou Shipyard International.

Construction of the vessels will start in the first half of 2021 and delivery will start in 2022. The total value of the contracts is RMB4.6bn ($650m).

The vessels will be chartered to Shell for 15 years under a charter contract signed by the two parties in March.

BoComm Leasing currently owns a fleet of over 180 vessels with another 22 on the orderbook.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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