On September 9, Nanjing Tanker Corportion (NJTC) released the Announcement of Resolutions of the Fifth Meeting of the Eleventh Board of Directors, which passed two resolutions on the construction of four new 50,000 DWT MR tankers/chemical tankers and one 18,000 DWT tanker/chemical tanker.
The announcement disclosed that the board of directors of NJTC agreed that its wholly-owned subsidiary, NJTC (Singapore) Pte Ltd, or its designee, would invest not more than US$182.8 million in the construction of four new 50,000 DWT energy-saving MR tankers/chemical tankers at Guangzhou Shipbuilding International Co Ltd (GSI), an unrelated party. Based on this calculation, the cost of a single ship is about US$45.7 million.
The new vessels are the latest generation of GSI-designed MR tankers/chemical tankers, which meet Tier III emission standards, have an EEDI energy efficiency index that meets Phase III requirements, and are designed with a methanol dual-fuel reservation. The above four vessels are expected to be delivered one after another within 2027.
At the same time, the Board of Directors of NJTC agreed that its wholly-owned subsidiary Nanjing Yangyang Chemical Transport & Trade Co., Ltd. would build a new 18,000 DWT tanker/chemical tanker at China Merchants Jinling Shipyard (Yangzhou) Dingheng Co., Ltd, at a contract price of RMB 246.5 million (including tax, approximately US$34.61 million).
According to the announcement, China Merchants Jinling Shipyard (Yangzhou) Dingheng belongs to China Merchants Industry, and together with NJTC, belongs to China Merchants Industry Holdings Co., Ltd.
The transaction aims to optimize the capacity structure of the chemical fleet, improve the fleet’s operating capability, enhance core competitiveness, increase customer satisfaction and strengthen NJTC’s share of the chemical transportation market.
According to public information, NJTC is a specialized tanker transportation company under China Merchants Industry Holdings, founded in 1993 and listed on the A-share market in 1997. The company is positioned as a global leading liquid cargo transportation service provider for small and medium-sized vessels.re in the chemical transportation market. Based on the main business of liquid cargo transportation, the company focuses on the market areas of crude oil, refined oil products, chemicals and gas transportation, and at the same time, it actively expands the diversified businesses related to the crewing labor service and fuel supply.
Currently, NJTC owns and controls 73 vessels with a capacity of 2.78 million DWT with an annual transportation capacity of over 44 million tons.
