CSSC Nantong COSCO KHI Ship Engineering has won an order for 1+1 VLCCs.

2013-07-19 09:00

       It is understood that Nantong COSCO KHI Ship Engineering Co., Ltd. (:NACKS) received orders for up to two Very Large Crude Carriers (VLCCs) from COSCO Dalian in late 2012.
  According to industry sources, a shipbuilding contract for one 320,000-ton VLCC with an option for a second, for delivery in 2015, was signed between Nantong COSCO KHI Ship Engineering and COSCO Dalian at the end of last year, but only recently came to light. The price of the newbuild remains unknown.
  Under the Chinese government's "national oil, national shipping" policy, the fleet expansion projects of Chinese shipbuilding companies are increasingly active. In December last year, COSCO Dalian ordered 2+2 VLCCs each from Dalian Shipbuilding Industry Co., Ltd. and Guangzhou Guangzhou Shipyard International Co., Ltd.