On November 22, Dalian Shipbuilding Industry Corporation (hereinafter referred to as “DSIC”),a subsidiary of China State Shipbuilding Corporation (CSSC), together with China Shipbuilding Trading Co., Ltd. (hereinafter referred to as “CSTC”) successfully signed contract with COSCO SHIPPING Energy Transportation, to build six 307,000 DWT very large crude carriers (VLCCs). This project will be settled in RMB, with a total contract value of over RMB 5.7 billion (approximately US$787 million).
According to previous reports, on November 12, COSCO SHIPPING Energy Transportation released the resolution announcement of the 13th board meeting in 2024. The company’s wholly-owned subsidiary COSCO SHIPPING Energy Transportation Hainan signed 6 construction contracts with DSIC and CSTC as joint sellers, stipulating that DSIC will build 6 307,000 DWT VLCCs for COSCO SHIPPING Energy Transportation Hainan. The total contract price including tax is RMB 5.748 billion, and the price of a single VLCC is RMB 958 million.
It is understood that COSCO SHIPPING Group has always been an important partner of CSSC and DSIC. The friendly cooperation between DSIC and COSCO SHIPPING Group began in 1984, and DSIC has built 154 ships of various types for COSCO SHIPPING Group. The signing of this contract continues the in-depth cooperation between the two parties in the field of oil tankers. The two parties will adhere to the principle of “sincere cooperation, complementary advantages, equal priority, mutual benefit and win-win”, give full play to their respective advantages, and provide solid guarantee for the implementation of China’s energy strategy.
VLCCs have always been a traditional strength of DSIC. To date, DSIC has successfully delivered 117 VLCCs and holds orders for 35 VLCCs. In 2024, the new VLCC orders received by DSIC account for over 50% of the global orders for this ship type.
The 307,000 DWT crude oil tanker undertaken this time is a new generation of ultra-large crude oil tanker independently developed by DSIC based on the needs of shipowners against the backdrop of accelerated carbon emission reduction in the international shipping industry.
This ship type has undergone multiple optimizations in its hull design, resulting in excellent overall performance. In line with the EEDI Phase III standards, the main engine power and speed have been readjusted. The energy-saving devices include a pre-swirl stator and a fin to reduce vortices, achieving optimal energy efficiency and providing excellent economic benefits.
This ship type has undergone multiple optimizations in its hull design, resulting in excellent overall performance. In line with the EEDI Phase III standards, the main engine power and speed have been readjusted. The energy-saving devices include a pre-swirl stator and a fin to reduce vortices, achieving optimal energy efficiency and providing excellent economic benefits.