China Merchants splashes $588m on Dalian LNG and tanker newbuilds
China Merchants Energy Shipping (CMES) is back at its shipbuilder of choice， Dalian Shipbuilding Industry (DSIC)， for four more newbuilds worth a total of $588.3m.
The Shanghai-listed energy transport unit of China Merchants Group has signed for a pair of 175，000 cu m liquefied natural gas (LNG) carriers in a $470m deal， or $235m per unit. The ships will deliver in the second half of 2026 and the first half of 2027， respectively.
The order also includes two aframax tankers at $59.15m each. The vessels will be fitted with scrubbers and come with methanol-ready notation when delivered in 2026.
In addition to the latest order， the state-owned shipowner has six LNG ships and a trio of aframaxes booked at Dalian for delivery between 2024 and 2026.