Cosco Shipping Energy orders two VLCCs at DACKS

Cosco Shipping Energy orders two VLCCs at DACKS

Cosco Shipping Energy Transportation, the tanker unit of China Cosco Shipping Corporation, has placed an order at Dalian COSCO KHI Ship Engineering (DACKS) for the construction of two 308,000 dwt VLCCs.

The total value of the contract is $160m and deliveries are scheduled in August 2020 and January 2021.

The latest contract is part of Cosco Shipping Energy’s major fleet expansion and follows the company ordering seven tankers at CSSC-affiliated Guangzhou Shipyard International in December and four VLCCs and three suezmax tankers at DSIC in November.

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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