Sponsored By

MOL orders first VLCC newbuilds in over a yearMOL orders first VLCC newbuilds in over a year

Dalian Cosco KHI Ship Engineering has announced a contract build two dual-fuel VLCCs for Mitsui O.S.K Lines (MOL).

Katherine Si, China Correspondent

August 31, 2022

1 Min Read
Tanker at sunrise on Singapore anchorage
Photo: Marcus Hand

This is the first LNG-fueled VLCC ordered from a Japanese tanker operator, and the first VLCC newbuild order from global market since from July last year, said Dalian Cosco KHI Ship Engineering. 

According to brokers Poten & Partners in a recent report the last VLCC newbuilding was ordered in June 2021, while there have been no contracts for Suezmaxes since July last year. Tanker markets have endured a torrid couple of years which has seen owners refrain from ordering new tonnage.

This VLCC pair for MOL, measuring 339.5 metres length and 60 metres breadth, meet the Phase 3 regulation of EEDI, will be able to reduce 25-30% carbon emission comparing with the traditional vessel. 

The newbuild VLCCs are scheduled for delivery from 2025 through 2026.

Read more about:

VLCC

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like