China Merchants tanker arm lines up LR2 quartet

AI Summary

China Merchants-controlled Nanjing Tanker has invited bids to build four LR2 product/crude tankers compliant with IMO Tier III emission standards. This tender would triple the company’s LR2 newbuild fleet exposure from two to six ships, enhancing their segment presence.

China Merchants-controlled Nanjing Tanker has launched a tender for four additional LR2 tankers, potentially tripling its newbuilding exposure in the segment from two ships to six. The Shanghai-listed owner is inviting bids to construct four LR2 product/crude carriers, with submissions due on October 10. The tender calls for ships compliant with IMO Tier III emissions …