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China Merchants Energy Shipping books four VLCCs at DSIC

China Merchants Energy Shipping (CMES) has signed newbuilding contract for the construction of four 307,000 dwt very large crude carriers (VLCCs) with Dalian Shipbuilding Industry Corporation (DSIC) for $331.8m.

The four new-generation VLCCs will reduce 5% fuel consumption comparing to VLCCs the company built during 2018-2019. The delivery of the vessels is scheduled during August 2021 and July 2022.

This new contract is in line with the company’s development strategy and meets the demand of fleet optimization, CMES said.

Last week, China Merchants Energy Shipping sold two VLCCs to phase out the vessels are not energy-efficient and environmental-friendly and further optimize its fleet structure.

Read More: China Merchants Energy Shipping to order four VLCCs

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