Greater ChinaTankers

Shandong Shipping contracts New Times for 10 more product tankers

Fast expanding Shandong Shipping on Friday contracted compatriot Jiangsu New Times Shipbuilding to build ten 50,000 product tankers. The signing happened on the same day the state-run owner received the first of eight similar ships from the same yard, which are set to go on long-term charter to Shell.

In a release, Shandong Shipping said its fleet including orderbook now exceeds 12m dwt, making it the third largest shipowner in China.

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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