China: Agreement Reached for the Construction of 3+2 VLCCs

Dalian Shipbuilding Industry Corp (DSIC), China Shipbuilding & Offshore International Co (CSOC) and China Merchants Energy Shipping (CMES) have signed an agreement for the construction of 3+2 very large crude carriers (VLCCs).

The signing ceremony, held on Friday, February 1st, was attended by the president of China Merchants Group, Mr. Wang Hong the Merchants’ Chairman Mr. Li Jianhong, vice president of China Merchants Group, Mr. Su Xingang, China Merchants Group Economist, Mr. Xie Chunlin; China Shipbuilding & Offshore International General Manager Li Changzhi Yin Mr. Dong Qiang, deputy general manager of the China Shipbuilding & Offshore International, Mr. Sun Bo, general manager of China Shipbuilding Industry International Trade Co., Ltd. Mr. Xu Ziqiu, Mr. Liu Zheng, chairman of the Dalian Shipbuilding Industry Group and Sinopec Group and China United Petrochemical Company leadership.

Li Jianhong, China Merchants Group president and general manager of China Shipbuilding Industry Corporation Li Chang Yin gave a speech at the signing ceremony.

As Seatrade-asia reports, the new 319,000 dwt VLCCs are expected to be delivered from December 2014. Estimates suggested the new oil tankers are priced at $85m each.

Shipbuilding Tribune Staff, February 4, 2013