China Merchants inks 10 tanker newbuilds at DSIC

China Merchants Energy Shipping (CMES) is strengthening its fleet with 10 tanker newbuilds at Dalian Shipbuilding Industry Co (DSIC). The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying nearly $930m ($927m) in total for a series of five VLCCs and five aframax/LR2 product carriers. CMES has been …

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