Nanjing Tanker Expands Fleet with New Panamax Tanker Order

China’s Nanjing Tanker is advancing its fleet modernization efforts by commissioning a series of new panamax tankers from a domestic shipyard.

The Shanghai-listed company, part of the China Merchants Group, announced in a filing its plans to order four 65,000 dwt tankers from Guangzhou Shipyard International (GSI) at an estimated cost of $250 million. These vessels will be built to accommodate methanol dual-fuel systems, aligning with future energy needs, and are scheduled for delivery between 2027 and 2028.

This order follows a similar announcement in September, when Nanjing Tanker disclosed that its Singapore subsidiary had also contracted GSI to construct four MR product carriers for $182.8 million, with delivery expected in 2027.

Additionally, its subsidiary Nanjing Yangyang Chemical Shipping signed a deal to build an 18,000 dwt chemical tanker at China Merchants Jinling Shipyard, valued at approximately $34.5 million.

Established in 1993, Nanjing Tanker currently operates a fleet exceeding 70 vessels, highlighting its strong position and ongoing commitment to modernizing its operations with environmentally forward-thinking designs.