Formosa Plastics adds three more MRs at Guangzhou

Formosa Plastics adds three more MRs at Guangzhou

Taiwanese tanker giant Formosa Plastics has returned to Guangzhou for more MRs.

Clarksons Research notes in its latest weekly report that Formosa Plastics has placed an order with CSSC Offshore & Marine Engineering, formerly known as Guangzhou Shipyard International, for three 52,000 dwt MR tankers to be built at its Nansha facility. The ships will deliver in 2019 and 2020 with other brokers putting a price tag of $32.5m per unit.

In early April this year Formosa Plastics contracted the same yard to build three similar ships for delivery in 2019. The yard is listed in Hong Kong and belongs to state-run China State Shipbuilding Corporation (CSSC).

Formosa Plastics’ diverse fleet includes 15 MR tankers currently trading, the majority of which were built at South Korea’s STX Offshore & Shipbuilding.

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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