Leading Chinese tanker operator China Merchants Energy Shipping (CMES) is boosting its fleet with an order for two 295,000-dwt VLCCs from Dalian Shipyard. They are said to be costing $120m each and are set for delivery in the middle of 2010.
CMES, which listed on the Shanghai Stock Exchange in December, already has two VLCCs on order at Universal Shipbuilding for delivery in 2008 and 2009.
CMES is said to be planning to acquire six VLCCs, two suezmaxes and six aframaxes by 2009.
Its VLCC fleet includes four double-hullers, two built in 1998, one in 2004 and one in 2005. CMES also has four single-hullers built between 1992 and 1993.
CMES, which listed on the Shanghai Stock Exchange in December, already has two VLCCs on order at Universal Shipbuilding for delivery in 2008 and 2009.
CMES is said to be planning to acquire six VLCCs, two suezmaxes and six aframaxes by 2009.
Its VLCC fleet includes four double-hullers, two built in 1998, one in 2004 and one in 2005. CMES also has four single-hullers built between 1992 and 1993.