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The company has inked shipbuilding contract via its subsidiary COSCO Shipping Energy Transportation (Hainan) for the six VLCCs with Dalian Shipbuilding Industry at a total cost of RMB5748m.
As the end of June 2024, COSCO Shipping Energy Transportation operates a tanker fleet of 154 vessels with a total capacity of 22.43m dwt.
Since August this year, COSCO Shipping Group has invested around RMB47.3bn in seventy-two newbuildings, including asphalt carriers, containerships, bulk carriers, LNG carriers and the newly ordered VLCCs.
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