COSCO Shipping Energy orders 6 new tankers

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COSCO Shipping Energy Transportation has finalized shipbuilding contracts for six new tankers worth a total of $449 million (approximately RMB 2.9 billion).

Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy Industry for the construction of three 114,200 dwt Aframax-type crude oil tankers, totaling $289 million.

The 114,000-ton Aframaxes will be green methanol dual-fuel crude oil carriers, with delivery scheduled for 2026 and 2027.

The company revealed that it had contracted Dalian COSCO Shipping Heavy Industry to build a 49,900 dwt MR-type oil tanker at a value of $50 million.

Additionally, Hainan COSCO Shipping Energy placed an order with Dalian COSCO Shipping Heavy Industry for two 64,900 dwt Panamax-type crude oil tankers at $130 million.

The two Panamax crude oil carriers will be designated as methanol-ready, which means that they are prepared for conversion to operation on methanol at a later stage. The three tankers are set for delivery at the end of 2026.