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China plans domestic tanker order

China plans domestic tanker order
Chinese shipowners were thought to be planning a new tranche of tanker newbuildings at domestic yards to gain further control of their country?s oil import market.

China plans domestic tanker orders.

Chinese shipowners were thought to be planning a new tranche of tanker newbuildings at domestic yards to gain further control of their country"s oil import market. At a seminar held in New York last week, several prominent players gave their opinions about Chinese expansionary plans.

?In our conversations with Chinese owners and oil companies a month or two ago, the target level of Chinese barrels to be moved on Chinese ships was said to be in the 40% range,? reportedly said Poten & Partners marine research head Megan McCurdy. ?It is much less than that now,? she added.

DNV regional China manager Joerg Beiler confirmed: ?Chinese shipowners, in particular tanker owners, are in negotiations now with the shipyards for new orders.?
Beiler said the strategy was designed to boost China's government-owned yards, expand the Chinese-owned fleet and increase domestic tonnage"s share of Chinese oil imports.

McCurdy pointed out that Chinese tanker owners were looking beyond a simple "Chinese barrels on Chinese ships" strategy.

She noted that the owners were also seeking to build relationships with non-Chinese oil majors and become more significant international players, reported Fairplay who attended the meeting.

www.turkishmaritime.com.tr

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