Shanghai-listed China Merchants Energy Shipping has laid out plans for 10 newbuildings across three shipping segments.

The diversified shipping arm of China Merchants Group said its board had approved the construction of five scrubber-fitted aframax tankers at CSSC Dalian Shipbuilding， with deliveries starting in 2029.

CMES said the ships form part of a plan to renew and optimize its tanker fleet and support an aframax pooling scheme being developed with major international oil companies.

The company is also moving on four 1，800 teu containerships and one 210，000 dwt newcastlemax bulker for delivery in 2028.

Those five ships are set to be built by subsidiaries of China Merchants Shipbuilding Industry Group， a related-party entity controlled by China Merchants Group.

The connected-party package carries an investment cap of RMB1.51bn， or about $223m， and still requires shareholder approval.

CMES said the feeder and bulker newbuildings are aimed at improving fleet structure， securing earlier delivery berths and strengthening long-term profitability.

The latest move adds another layer to one of China’s busiest state-backed shipowning orderbooks as CMES continues a broad fleet renewal programme， which has seen activity across crude tankers， gas， dry bulk and containerships.

Earlier this year， the company lined up 10 VLCCs at Dalian Shipbuilding in a deal worth around $1.25bn， with deliveries between 2028 and 2030.

CMES has also been expanding its container exposure， pushing ahead with an eight-ship boxship plan worth more than $550m， including four 8，200 teu methanol-ready vessels and four 1，800 teu ships.