Capital orders more LNG-powered VLCCs in China

Greece’s Capital Maritime, led by Evangelos Marinakis, has ordered two more LNG-powered very large crude carriers at China’s Dalian Shipbuilding Industry (DSIC).

DSIC’s parent China State Shipbuilding Corporation (CSSC) said in a statement on Tuesday that the contract for the 300,000-dwt vessels was signed at the Posidonia shipping event in Athens, Greece.

This confirms several reports by brokers saying that Capital had exercised an option from its deal signed with DSIC earlier this year.

In February, DSIC said it has signed a contract for 4+2 LNG dual-fuel powered VLCCs.

According to DSIC, the LNG dual-fuel VLCCs will feature ME-Gi propulsion and two type C LNG tanks.

Each of the ships is said to be worth about $140 million.

Capital orders more LNG-powered VLCCs in China
Image: CSSC

Besides this order, Singapore’s Eastern Pacific Shipping also ordered four LNG dual-fuel LR2 oil tankers at CSSC’s Guangzhou Shipyard International, while Vietnam’s Asia Pacific Shipping (ASP) booked two 50,000-dwt methanol dual-fuel tankers at GSI.

These deals were signed during the same event in Athens.

CSSC said these orders at DSIC and GSI are worth more than 5 billion yuan ($690 million).

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