China secures over 90% of new VLCC orders: report
2026-05-22 09:43 环球时报网英文版
A 115,000?ton oil tanker built by CSSC Dalian Shipbuilding Industry Co Photo: Courtesy of CSSC Dalian Shipbuilding Industry
Since the beginning of this year, China"s shipbuilding industry has been continuously landing new orders, securing more than 90 percent of global new orders for very large crude carrier (VLCC) and establishing a dominant position in the global market, according to a CCTV News report on Wednesday.
In Dalian, a port city in Northeast China"s Liaoning Province, a 115,000‑ton oil tanker built by CSSC Dalian Shipbuilding Industry Co was officially delivered 164 days ahead of the contracted delivery date, the company said in a statement sent to the Global Times on Wednesday.
The vessel has an overall length of approximately 249.8 meters, a beam of 44 meters, and a depth of 21.2 meters. It is suitable for carrying crude oil and refined oil products with a flash point below 60 C, offering flexible application, good port adaptability, and excellent seaworthiness. Its maneuverability, economic performance, and energy‑saving, green, and environmentally friendly characteristics are all superior to those of similar vessels, giving it strong market competitiveness, according to CSSC Dalian Shipbuilding Industry Co.
In addition to the vessel delivered on Wednesday, the CCTV News report said that two 300,000-ton VLCCs are being built simultaneously in the shipyard of CSSC Dalian Shipbuilding.
These VLCCs have a larger tonnage, each being capable of carrying more than 2 million barrels of crude oil per voyage, with a per-barrel transportation cost more than 40 percent lower than those of medium-sized and small oil tankers, thus receiving even greater market demand, the report said.




