China Merchants Energy lines up 10-ship order

AI Summary

China Merchants Energy Shipping, part of China Merchants Group, has approved a 10-ship newbuilding order, including five scrubber-fitted aframax tankers at CSSC Dalian Shipbuilding. Deliveries are expected to start in 2029, aligning with their plans to expand their shipping capacity across multiple segments.

Shanghai-listed China Merchants Energy Shipping has laid out plans for 10 newbuildings across three shipping segments. The diversified shipping arm of China Merchants Group said its board had approved the construction of five scrubber-fitted aframax tankers at CSSC Dalian Shipbuilding, with deliveries starting in 2029. CMES said the ships form part of a plan to …