COSCO Shipping Energy Transportation (CSET) is adding to its already sizeable orderbook, booking more tanker tonnage.
The listed oil and gas shipping business of COSCO Shipping Group said its subsidiary, Hainan Cosco Shipping Energy, has ordered two 74,900 dwt panamax crude tankers at Cosco Shipping Offshore Qidong.
The newbuilds are priced at about $76.5m each and are scheduled for delivery by October and November 2028.
The newbuildings will feature dual-fuel ready capability, including biofuel and methanol options, alongside energy-saving and digital systems aimed at improving efficiency and operations, the company said in a filing.
The latest order adds to a busy run of contracting activity for the group, which has been steadily building out its tanker and gas carrier pipeline.
Cosco’s energy shipping arm currently operates a fleet of more than 150 crude and product tankers, excluding gas carriers, with an orderbook exceeding 30 vessels across multiple segments.
Earlier this year, the company ordered two 50,000 dwt MR product tankers at Guangzhou Shipyard International for around $104m, continuing a series of deals placed across affiliated Chinese yards.
That followed a string of MR2 orders late last year and larger LR1 and LR2 tankers booked earlier.
The company said the latest panamax order will help optimise fleet structure, strengthen its market position and improve operational resilience, while supporting long-term earnings.
