{"id":78386,"date":"2026-02-06T08:55:40","date_gmt":"2026-02-06T11:55:40","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/889965179"},"modified":"2026-02-06T08:55:40","modified_gmt":"2026-02-06T11:55:40","slug":"greek-owner-cape-shipping-doubles-vlcc-orderbook-in-china","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/06\/greek-owner-cape-shipping-doubles-vlcc-orderbook-in-china\/","title":{"rendered":"Greek owner Cape Shipping doubles VLCC orderbook in China"},"content":{"rendered":"
<\/div>\n

As first reported by Riviera last month<\/a>, the Greek owner had signed a contract for one firm and one optional 319,000-dwt VLCC at CSSC Qingdao Beihai. The option has now been confirmed.<\/p>\n

According to shipbroking and market sources, the first vessel is scheduled to join the fleet in Q4 2028, with the second expected to follow in Q1 2029.<\/p>\n

The shipbuilder has said that the pair will be equipped with energy-saving devices to enhance operational efficiency and will feature an ammonia-ready design. Both newbuildings will comply with the latest IMO regulations.<\/p>\n

Cape Shipping recently confirmed its return to the tanker market, unveiling a 10-vessel fleet<\/a> made up almost entirely of newbuildings. The fleet comprises two MR tankers, four Aframaxes, two Suezmaxes and two LR1s, all built or scheduled for delivery between 2024 and 2027.<\/p>\n

Alongside its tanker expansion, Cape Shipping remains active in the bulk carrier and container vessel sectors, controlling seven units in each segment.<\/p>\n

VLCC market heats up as slots tighten<\/strong><\/p>\n

The VLCC newbuilding market has started the year strongly<\/a>, with further orders believed to be in the pipeline.<\/p>\n

Riviera reported this week<\/a> that trader Mercuria is in discussions with CSSC\u2019s Dalian Shipbuilding Industry Corp (DSIC) for the construction of two 306,000-dwt VLCCs, with deliveries anticipated in 2029.<\/p>\n

Shipbrokers note that 2028 delivery slots for large tankers at top-tier shipyards are now almost fully booked, with 2029 positions increasingly becoming the norm for new projects.<\/p>\n

This shift in delivery timelines is already affecting some Greek owners seeking tanker newbuildings. However, overall market appetite remains strong, with China emerging as the primary destination.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… Andrianopoulos family-led Cape Shipping<\/span> has exercised an option … latest IMO regulations. Cape Shipping<\/span> recently confirmed its return … its tanker expansion, Cape Shipping<\/span> remains active in the … discussions with CSSC\u00e2\u0080\u0099s Dalian Shipbuilding<\/span> Industry Corp (DSIC) …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-78386","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=78386"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78386\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=78386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=78386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=78386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}