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Chinese tanker company to order new VLCCs

China Merchants Energy Shipping plans to order four new VLCCs, report several media. The ships are expected to cost USD 85 million each.

Photo: PR/Maersk

Shipping company China Merchants Energy Shipping is about to place an order for a quartet of VLCC supertankers, report several media.

The order is part of a newbuild plan that has just been approved by the shipping company's board of directors. And with the approval in the bag, the yard contract is expected to be signed "in due time," according to Lloyds' List.

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