China Merchants Energy Shipping (CMES) Announces Plan to Build 10 New Vessels
Source：CNSS
2026-07-14
China Merchants Energy Shipping recently announced its plan to order a total of 10 new vessels across its tanker, dry bulk, and container ship fleets.
On July 11, the company's Board of Directors issued the Announcement on the Resolutions of the 30th Meeting of the 7th Board of Directors, approving the establishment of a joint venture Aframax tanker pool with a leading international oil company. Under this plan, five next-generation, eco-friendly Aframax tankers equipped with exhaust gas scrubbers and shaft generators will be built at Dalian Shipbuilding (a subsidiary of China State Shipbuilding Corporation). These vessels are expected to be delivered starting in 2029, aiming to continuously upgrade and optimize the company's tanker fleet structure.
Meanwhile, CMES also disclosed plans to build one dry bulk carrier and four container ships. To further optimize its fleet mix, the company intends to commission the construction of one 210,000 DWT Newcastlemax bulk carrier and four 1,800 TEU container vessels through an overseas single-ship company wholly owned by its subsidiary, in cooperation with a subsidiary of China Merchants Industry Holdings. These vessels will feature scrubbers, shaft generators, and high-efficiency anti-fouling paint. Scheduled for delivery in 2028, the total projected investment for this project will not exceed RMB 1.51 billion.
Recently, CMES released a notice on expected earnings growth, forecasting a net profit attributable to shareholders of RMB 6.6 billion to RMB 7.3 billion for the first half of the year, representing a year-on-year increase of 214% to 248%. After deducting non-recurring gains and losses, the net profit is estimated at RMB 6.5 billion to RMB 7.2 billion, up 244% to 281% year-on-year.
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