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Swiss and Singapore Firms Place Major VLCC Orders with Chinese Shipyards
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Business·22/04/2026Résumé IA

Swiss and Singapore Firms Place Major VLCC Orders with Chinese Shipyards

At least two Swiss firms and one Singapore-based company have placed VLCC orders with Chinese shipyards in recent weeks. Switzerland's Advantage Tankers ordered two 307,000-DWT VLCCs for delivery in 2028-2029, while Geneva-based Mercuria Energy Group signed contracts worth nearly US$650 million for up to four VLCCs and two LR2 tankers. Singapore's Yangzijiang Maritime Development ordered eight VLCCs – its first venture into the large-tanker segment – with deliveries planned between 2028 and 2030.

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