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Beihai Shipbuilding bags first VLCC order from Euronav

Euronav Euronav vessels under construction
CSSC Beihai Shipbuilding enters into the VLCC newbuilding market by securing two orders from tanker owner Euronav.

The deal includes one VLCC newbuild and the option for a second VLCC newbuild to be confirmed in the coming two months, costing $112.2m each. The first vessel is expected to be delivered in the third quarter of 2026.

The order is part of expansion plans by NYSE/Euronext-listed Euronav.

Measuring in 339.5 metres long and 60 metres wide, the VLCC will meet the latest requirement of TIRE III and the Phase III of EEDI. To achieve zero-carbon target on the whole sailing, the vessel will be able to equip two 6,000 cu m methanol fuel tanks. 

“The order will significantly improve Beihai Shipbuilding’s influence in global large-size tanker construction market and bring more tanker projects to the yard,” commented Beihai Shipbuilding.