Chinese Government to Expand its VLCC Fleet

2013-02-05

According to the policy “self-transportation of China’s oil”, the project about VLCC orders by Chinese government has been taking shape gradually. Since the end of last year, orders from Chinese government have reached 18 vessels including 8 alternative orders. The final order expected to be 50 vessels.

Dalian Shipbuilding Industry, owned by China Shipbuilding Industry received at most 5 VLCC orders, 3 orders and alternative 2 319,000DWT environmental-friendly orders, from China MerchantsEnergy Shipping on February 1.

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