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中远海能: Investment in the construction of 6 VLCCs with a total price of 57.48 billion yuan
On November 22nd, Jinshi Data reported that China COSCO Shipping Energy announced that its wholly-owned subsidiary, Hainan Energy Company, has signed 6 shipbuilding contracts with Dalian Shipbuilding Industry and China Shipbuilding Trading. According to the contracts, Dalian Shipbuilding Industry will build 6 VLCCs with a capacity of 307,000 deadweight tons for Hainan Energy Company, with a price of 958 million yuan per ship. The total price of the 6 ships is 5.748 billion yuan. The contracts were signed on November 22nd, 2024. The transaction does not require shareholder approval. The new ships are expected to be delivered from the third quarter of 2027 to the fourth quarter of 2028. This investment aims to optimize the fleet structure, enhance competitiveness, and align with the company’s global layout and green low-carbon development strategy. Hainan Energy Company will pay for the ships through its own funds and financing loans.