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.