Under the chartering deal, China VLCC has secured two two-year charters for its VLCCs with each oil major.
The contract is valued at RMB 360 m (approximately USD 57-6 million), CMES said in a filing to Shanghai stock exchange.
Details on the names of the vessels and beginning of the contracts remained undisclosed.
China VLCC is a joint venture business set up in 2014 by majority holder China Merchants Energy Shipping (51% stake) and Sinotrans & CSC Group (49% stake).
The joint venture’s fleet is comprised of 28 vessels. China VLCC last expanded its fleet with nine VLCCs that had been operated by compatriot Nanjing Tanker and a newbuilding.