Greater ChinaShipyardsTankers

Hengyi Petrochemical in for up to eight MRs at GSI Nansha

Photo of Sam Chambers Sam ChambersMay 25, 2021
406 Less than a minute
GSI

China’s chemical fibre products manufacturer Hengyi Petrochemical has ordered up to eight MR tankers at GSI Nansha in southern China. The contract is for four firm 49,600 dwt ships and four options. The ships will deliver in 2023 and early 2024 with a price tag of $35m per unit.

Hengyi Petrochemical is in the midst of massively expanding a refinery it runs in Brunei, where these ships will likely be deployed.

In a busy few days for GSI Nansha, it has also come to light that SFL Corporation has placed an order for two 7,000-unit LNG-fuelled car carriers for delivery in 2023.

Photo of Sam Chambers Sam ChambersMay 25, 2021
406 Less than a minute
Photo of Sam Chambers

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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