On November 28, Nanjing Tanker Corporation Co., Ltd. (hereinafter referred to as “NJTC”) issued the “Resolution Announcement of the Seventh Meeting of the Eleventh Board of Directors”, and passed the “Proposal on the Construction of Four New 65,000 DWT PANAMAX Tankers”.
The announcement disclosed that the board of directors of NJTC agreed to invest no more than RMB 1.817 billion (including tax) to build four 65,000 DWT PANAMAX tankers at the non-affiliated China State Shipbuilding Corporation Guangzhou Shipyard International (GSI) to optimize the company’s crude oil fleet capacity structure and improve the fleet’s operational capabilities.
The vessels are expected to be delivered in succession from 2027 to 2028. This series of vessels is a new generation of small Panamax vessels that meet Tier III emission requirements, are equipped with bow thrusters, and are designed to be methanol dual-fuel ready.
This is not NJTC’s first order in GSI. Previously in September, NJTC signed a contract with GSI for the construction of four 50,000 DWT MR chemical/product tankers, with an investment of up to US$182.8 million (approximately RMB 1.3 billion) for the four new vessels, which are expected to be delivered one after another in the 2027 year.
According to the official website, NJTC is a specialized tanker transportation company under China Merchants Group, and is an important backbone enterprise for river-sea intermodal transportation belonging to China Yangtze Shipping Group, which was founded in 1993 and listed on the A-share market in 1997. At present, the company owns and controls 73 vessels with a capacity of 2.78 million DWT and an annual transportation capacity of over 44 million tons.