China Merchants Energy has placed another 4 VLCC orders

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China Merchants Energy Transportation Co., Ltd. recently announced the purchase and construction of the VLCC tanker announcement, which announced that China Merchants Energy Transportation Co., Ltd. passed its subsidiary Haihong Steamship (Hong Kong) Co., Ltd. on August 28, 2013 with the big ship heavy industry and foreign high Bridge Shipyard signed a shipbuilding agreement for the purchase and construction of two new energy-saving and environmentally friendly VLCCs with a capacity of 318,000 DWT. Among them, two VLCCs were built in Dachuan Heavy Industry. The scheduled delivery period is April 2016 and September 2016, respectively. The two VLCCs built are expected to be delivered in July 2016 and January 2017, respectively. The remaining provisions of the shipbuilding agreement signed this time are consistent with the contents of the shipbuilding agreement disclosed in the announcements [2013] and 2013 [004] respectively.

It is understood that China Merchants Energy Transportation Co., Ltd. signed a shipbuilding agreement with Dachuan Heavy Industry and Waigaoqiao Shipyard on February 1 and 4 of this year to build six new energy-saving and environmentally friendly VLCC crude oil vessels (ship-type shipyards). The seller signed a selective agreement on the continuation of the construction of four identical VLCC crude oil vessels. On August 2 this year, China Merchants Energy Transportation Co., Ltd. has separately notified Dalian Shipbuilding Industry Group Co., Ltd. and Shanghai Waigaoqiao Shipbuilding Co., Ltd. in writing, and decided to exercise the above four VLCC crude oil ship orders.

According to the announcement, the four newly-built and energy-saving environmentally-friendly VLCCs are an important part of the company's investment plan for the non-public offering of shares. The company invested in the construction of VLCC tanker as a new type of energy-saving and environmentally-friendly ship. It adopts a new type of main engine and the latest energy-saving and environmentally friendly design. It is expected to reduce fuel consumption by about 20% compared with the current ship type (the company's VLCC tanker built in 2009-2011), and environmental protection related indicators are also larger. improve.

The board of directors of the company believes that the new VLCC is the specific implementation of the established plan. After the implementation of the VLCC fleet purchase and construction plan, it is expected that the ship type, age and cost structure of the company's tanker fleet will be significantly improved, fleet size and market. Increased competitiveness and better ability to expand customers, capture market opportunities and resist market volatility risks.

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