DSIC Secures 15 Billion Yuan in Orders at the Start of the Year
2024-02-23

Dalian Shipbuilding Industry Co., Ltd. (DSIC) and China Shipbuilding Trading Co., Ltd., as joint sellers, have recently secured orders from two prominent European shipowners. The orders consist of 6+2 conventional fuel very large crude carriers (VLCCs) and 4+2 LNG dual-fuel VLCCs. In addition, the contract for 6 VLCCs with a capacity of 110,000 metric tons, recently signed by DSIC, took effect in January this year. The total value of the contracts mentioned above amounts to approximately 15 billion yuan. DSIC has started the new year with significant momentum, as these bulk orders for oil tankers lay a solid foundation for its high-quality development in the new year.

The two types of VLCCs contracted this time are upgraded versions of ultra-large oil tankers specifically customized for the shipowners by DSIC. The LNG dual-fuel VLCCs are equipped with ME-GI high-pressure dual-fuel engines, resulting in a 20% reduction in carbon emissions compared to conventional fuel. The conventional fuel VLCCs meet the Energy Efficiency Design Index (EEDI) Phase-3 requirements, showcasing advanced global standards in terms of overall performance, environmental friendliness, and reliability, compared to ships of the same type.

Oil tankers have always been DSIC’s traditional competitive products. Since the beginning of 2023, DSIC has accumulated contract values exceeding 23 billion yuan. As the ship assembly plant that delivered China’s first VLCC, DSIC has so far delivered 117 VLCCs to domestic and international shipowners, maintaining its position as the leading shipyard in terms of delivery quantity in China.

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