By the end of September 2023, China Shipbuilding Trading Co., ltd. (CSTC) together with its sister units has made a major breakthrough in the global tanker newbuilding market by newly accepting orders for various types of tankers, and the contracted orders for tankers accounted for nearly 20% of the new orders received by CSTC. Among them, orders from European market accounted for 75% and orders from Asian market accounted for 25%, and the ship types included produc/crude oil tankers, oleochemical tankers, crude oil tankers, chemical/produc tankers, and methanol dual-fuel MR-type tankers.
In April, CSTC together with Dalian Shipbuilding Industry under CSSC, signed a newbuilding contract for ten 115,000-ton product tankers with Dynacom, a Greek shipowner.
In the same month, CSTC together with Shanghai Waigaoqiao Shipbuilding Co., Ltd. and Hong Kong TCC Group successfully signed a contract for the construction of two 114,000-ton Aframax produc tankers.
In May, CSTC together with Dalian Shipbuilding successfully undertook two 115,000-ton crude oil tankers of China Merchants Shipbuilding (CMS).
In June, CSTC together with Guangzhou Shipyard International (GSI), and Eastern Pacific Shipping Pte. Ltd. of Singapore (EPS) successfully signed a contract for the construction of 2+2 111,000-ton LNG dual-fuel LR2 tankers in Norway.
In June, CSTC together with Guangzhou Shipyard International (GSI), also signed a contract with JP Morgan for the construction of two 50,000-ton methanol dual-fuel chemical/product tankers and with Hafnia for the construction of four 50,000-ton methanol dual-fuel chemical/produc tankers, of which JP Morgan entered into an order for two 50,000-ton methanol dual-fuel oil tankers in August.
In July, CSTC together with Dalian Shipbuilding, held a signing ceremony of the contract for the construction of two 307,000-ton Very Large Crude Carriers (VLCCs) with Dynacom Tankers Management, which belongs to the Greek Shipowners, George Procopiou.
In August, CSTC together with CSSC Chengxi Shipbuilding and Zhi Zhan Pte Ltd. (Singfar), a wholly-owned shipping company of Singapore shipowner Singfar Holdings, successfully signed a construction contract for 4 independent research and development vessels of 50,000 tons of product oil tankers.
In the same month, the first order of 319,000 DWT VLCC construction project was successfully signed between CSTC and Qingdao Beihai Shipbuilding and EURONAV, the European tanker giant.
The contract for the construction of four 75,000-ton chemical/product oil tankers signed by CSTC in conjunction with Guangzhou Shipbuilding International and Ocean Yield also came into effect in August.
In September, CSTC together with Dalian Shipbuilding, signed an order for a 306,000-ton methanol dual-fuel-powered intelligent VLCC with China Merchants Energy Shipping.
