Marasi News · Oil & Gas

COSCO unveils massive supertanker fleet push

Chinese tanker giant COSCO Shipping Energy Transportation has unveiled a sweeping fleet expansion involving 24 VLCC newbuildings, signing contracts worth RMB9.48bn ($1.42bn) for ten supertankers and lining up another 14

Adis Ajdin·November 9, 2026·2 min
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COSCO unveils massive supertanker fleet push

Chinese tanker giant COSCO Shipping Energy Transportation has unveiled a sweeping fleet expansion involving 24 VLCC newbuildings, signing contracts worth RMB9.48bn ($1.42bn) for ten supertankers and lining up another 14 through long-term bareboat charters. The Shanghai- and Hong Kong-listed owner disclosed the deals on November 9, with its wholly owned subsidiary Hainan Cosco Shipping Energy …

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