Sunday, 14/12/2025, 20:00 (GMT +7)
1092
COSCO Shipping Energy Inks Deal for 19 New Vessels Worth Over $1 Billion
COSCO Shipping Energy Transportation (CSET), the energy transportation arm of the COSCO Shipping Group, has secured shipbuilding contracts for 19 vessels valued at CNY 7.88 billion (approximately $1.08 billion).
This substantial order has been awarded to three shipyards affiliated with its parent company, COSCO Shipping Heavy Industry. The entire 19-vessel fleet, consisting of one ethylene carrier and 18 tankers, is scheduled for delivery between 2027 and 2029.
Order Allocation Across Shipyards
The details regarding the allocation of orders and vessel types are as follows:
• COSCO Shipping Heavy Industry Yangzhou: Tasked with building four vessels for subsidiary Hainan COSCO Energy, totaling CNY 2.48 billion:
o Two 114,200 DWT Aframax crude oil tankers, Methanol dual-fuel.
o Two 109,900 DWT LR2 product/crude oil tankers, Methanol dual-fuel.
• COSCO Shipping Heavy Industry Dalian: Responsible for a significant portion of the order, including:
o One 9,000 cubic meter ethylene carrier, LNG dual-fuel, for Dalian COSCO Energy.
o Two LR1 product/crude oil tankers directly for CSET.
o Three MR product/crude oil tankers directly for CSET.
o Four MR crude oil tankers directly for CSET.
• COSCO Shipping Heavy Industry Guangdong: Commissioned to build five MR product/crude oil tankers.
Strategic Goals: Optimization and Sustainability
CSET stated that this major investment is designed to optimize its fleet structure, enhance market competitiveness, and specifically adopt LNG and Methanol dual-fuel systems.
The company stated that the investment aims to optimise its fleet structure, enhance market competitiveness, and adopt LNG and methanol dual-fuel systems.
This move underscores CSET's commitment to modernizing its energy fleet, meeting stricter environmental standards, and preparing for a greener and more efficient maritime future.
See more:
- Navigating 2026 Volatility: Major Forwarders Restructure Strategies
- Airline Industry Profits Projected to Hit $41 Billion in 2026
- China's Trade Surplus Surpasses $1 Trillion Milestone for the First Time
- Amazon Accelerates 'Greening' of Grocery Supply Chain: AI Cuts Carbon Emissions by 15%
- Asia-US Container Rates: Short-Term Rebound Fails to Halt Deep Market Downturn
- COSCO Announces Historic $7 Billion Order: 87 New Vessels to Drive Fleet Restructuring Strategy
- International Shipping and Logistics Market Update Week 49/2025 | Phaata
- CMA CGM Pioneers Red Sea Return: A Signal of Normalization or a Risk of Overcapacity?
- Blockbuster M&A Move: Hapag-Lloyd Bids for ZIM
- DSV Expands Electric Truck Fleet in South Africa
- COSCO schedules: Vietnam - North America in Dec 2025
- SITC updates Vietnam-Intra Asia sailing schedules in Dec 2025
Source: Phaata.com (According to Baird Maritime)
► Find Better Freight Rates & Logistics Service Providers!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
.webp)
.webp)
.webp)
HOT PROMO
See more
2846
FCL
35 Days
Freight cost
CÔNG TY TNHH CARDINAL GLOBAL LOGISTICS (VIETNAM)
Premium
501
FCL
3 Days
Freight cost
CÔNG TY TNHH GIAO NHẬN TOÀN CẦU GS
851
FCL
40 Days
Freight cost
N.B.L INTERNATIONAL TRANSPORT CO., LTD
1879
Other
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
2263
FCL
50 Days
Freight cost
NP LOGISTICS CO.,LTD
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
93
174
15
Days Transit
- ₫396,945 / 20'GP
- ₫2,381,670 / 40'GP
- ₫2,381,670 / 40'HQ
- ₫3,043,245 / 45'HQ
MELODY LOGISTICS COMPANY LIMITED
180
8
Days Direct
- ₫13,780,000 / 20'GP
- ₫27,300,000 / 40'GP
- ₫27,300,000 / 40'HQ
CÔNG TY CỔ PHẦN TIẾP VẬN INTERCARGO
367
330
14
Days Transit
- ₫3,307,875 / 20'GP
- ₫9,129,735 / 40'GP
- ₫9,129,735 / 40'HQ
GIA LINH LOGISTICS SERVICES CO., LTD. (G LINK Logistics)
Sea freight
- LCL
See more
812
45
Days Transit
- Refund ₫131,570 /cbm
CÔNG TY TNHH LIÊN KẾT HOÀN HẢO (PERFECTLINK CO.,LTD)
3,248
7
Days Direct
- Refund ₫261,590 /cbm
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
5,811
6,694
5
Days Direct
- ₫26,463 /cbm
CÔNG TY TNHH T&M FORWARDING - CHI NHÁNH HÀ NỘI
6,228
3
Days Direct
- Refund ₫926,205 /cbm
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
Air freight
- General cargo
See more
7,882
1
Days Direct
- 46,310 ₫/kg
N.B.L INTERNATIONAL TRANSPORT CO., LTD
10,046
1
Days Direct
- 161,424 ₫/kg
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
12,431
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
13,860
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
10,515
Rail freight
- FCL
See more
9,250
5
Days Direct
- ₫44,987,100 / 40'HQ
- ₫44,987,100 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
12,440
3
Days Direct
- ₫15,083,910 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
22,142
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
20,625
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
11,335
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
2,357
4
Day
- ₫5,000,000 / 40'GP
CÔNG TY CỔ PHẦN IGAP
14,390
1
Day
- ₫28,000,000 / 20'GP
- ₫28,000,000 / 40'GP
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VÀ KHO VẬN VIETTEL POST - TTC
115,112
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
183,277
1
Day
- ₫18,997,200 / 20'GP
- ₫18,997,200 / 40'GP
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI CON ONG
269,584
3
Day
- ₫32,000,000 / 20'GP
- ₫64,000,000 / 40'GP
- ₫64,000,000 / 40'HQ
- ₫64,000,000 / 45'HQ
Công ty Cổ phần phát triển thương mại Thuận Đạt Việt Nam
