DSIC And CSTC Secure Contracts For 16 Vessels Valued At $1.8 Billion

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  • DSIC, in collaboration with CSTC, has successfully secured contracts for 16 vessels.
  • The LNG-powered VLCCs will feature ME-GI high-pressure dual-fuel engines.
  • The identities of the European shipowners remain undisclosed.

DSIC, in collaboration with China Shipbuilding Trading Co. Ltd (CSTC), has successfully secured contracts for 16 vessels worth approximately $1.8 billion.

These contracts involve the construction of both conventional and LNG dual-fuel Very Large Crude Carriers (VLCCs) for European shipowners.

The announcement was made by China Shipbuilding Industry Corporation (CSIC) on February 7, reports EN Port News.

Vessel Breakdown

The deal includes 6+2 VLCCs powered by conventional fuel and 4+2 LNG dual-fuel VLCCs.

Delivery of these vessels is scheduled to begin at the end of 2026.

The LNG-powered VLCCs will feature ME-GI high-pressure dual-fuel engines, aiming to achieve a 20% reduction in carbon emissions compared to their conventional fuel counterparts.

Environmental Impact and Standards

The LNG-powered VLCCs are designed to meet stringent environmental standards, contributing to reduced carbon emissions.

These vessels align with Stage III Energy Efficiency Design Index (EEDI) standards, demonstrating a commitment to sustainability and efficiency.

Total Contract Value and Previous Orders

With the addition of these contracts, the total value reaches approximately $1.8 billion.

The identities of the European shipowners remain undisclosed, although previous reports suggested interest from prominent figures such as Greek shipping magnate Evangelos Marinakis and Norwegian tycoon John Fredriksen.

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Scope: EN Port Nes

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