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CMES Prepares to Order VLCC Quartet

CMES Prepares to Order VLCC Quartet
China Merchants Energy Shipping (CMES), a part of the China Merchants Group, has revealed its plans to order up to four very large crude carriers (VLCCs).

Namely, during a meeting held in early November the company’s Board of Directors voted for placing the orders for the new units.

The company will pay no more than USD 85 million per ship, CMES said in a stock exchange filing.

No further details related to the order were provided.

The development comes on the back of the company’s latest fleet addition on November 8, when the VLCC New Treasure was named and handed over at China’s Dalian Shipbuilding Industry Company.

The 300,000 dwt unit, which boosted CMES’ VLCC fleet to 53 vessels, is the first super-large crude oil ship designed and built with an aim to further cut emissions, according to the company.

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