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China Shipping Development splashes out $376m on four new VLCCs

China Shipping Development Co (CSDC) has ordered four new VLCCs worth a total of $375.92m at Dalian Shipbuilding Industry Co (DSIC).

Lee Hong Liang, Asia Correspondent

February 12, 2015

1 Min Read
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The four new 308,000 dwt oil tankers, each costing around $94m, are scheduled to be delivered between May 2017 to September 2018.

Meanwhile, the oil tanker and dry bulk shipowner has been disposing of older tonnage in an effort to renew its fleet. Last month, it sent 10 elderly bulkers to the scrapyard.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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