CMES inks four VLCC newbuilds

CMES inks four VLCC newbuilds

China Merchants Energy Shipping has fixed four of its planned 10 VLCC newbuilds. CMES has placed two ships a piece at Nantong Cosco KHI Ship Engineering (NACKS) and Dalian Cosco KHI Ship Engineering (DACKS), two joint venture yards controlled by Cosco and Japan’s Kawasaki Heavy Industries. CMES is paying $352m for the quartet, which will begin delivering at the end of 2018.

A further six orders are expected to be placed soon. CMES is in a joint venture with Sinotrans&CSC called China VLCC, which has a total of 34 VLCCs afloat at the moment with another nine to deliver.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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