China's COSCO SHIPPING Development signs $2 billion tanker order, secures long-term leases reut.rs/4AksZ6a
China's COSCO SHIPPING Development signs $2 billion tanker order, secures long-term leases

China's COSCO SHIPPING Development signs $2 billion tanker order, secures long-term leases

Shanghai-based COSCO SHIPPING Development , said on Wednesday it had ordered ​16 very large crude carriers (VLCCs) worth 13.43 billion yuan ($2.01 ‌billion) from China State Shipbuilding Group.

reuters.com
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China shipping giants continue to expand their global footprint. Interesting times ahead for maritime trade.

Nov 11, 2026 · 8:10 PM UTC

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