CSSC inks deal for 12 LR2 dual-fuel tankers

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By Jasmina Ovcina Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers.

The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell.

Source: CSSC

Shell will charter the 120,000-ton dual fuel LR2 tankers for seven years following their delivery.

The investment is worth whopping 4.6 billion yuan ($657 million) and comes at a very difficult time for the shipbuilding sector which has seen orders dwindle due to the coronavirus pandemic.

Four ships from the batch will be built by CSSC’s shipbuilding arm Waigaoqiao Shipbuilding,

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