In September 20th, China Shipping Group CEO Xu Lirong an interview with reporters that China has identified new 10 super tanker (VLCC). The same day,Dalian COSCO general manager Meng Qinglin also said the company will be the new VLCC orders up to 30 ships. Plus after the Investment Promotion Bureauhas released 10 tanker order, the three major shipping companies will throw 50 VLCC ship orders.
50 ships of the VLCC order, the total value of about $4500000000, about 30000000000 yuan. Industry insiders revealed that the number of orders will bedomestic several big shipbuilding plant food, will greatly ease the shortage of several major shipyard orders.
Although the shipyard pressure solution, the tanker market was very nervous,because this batch of VLCC orders will add capacity of more than 15000000tons, domestic VLCC capacity will be doubled, and more intensified the tankermarket excess capacity, rental rates are more difficult to rebound.
What is behind the three major shipping companies to the "abnormal" behaviorlogic? Xu Lirong said it is seeking and PetroChina, Sinopec and other companiescloser cooperation relationship. COSCO also says it has been doing the samenegotiating cooperation with sinopec.