A significant shift in global tanker ordering has taken place as Guangzhou Shipyard International (GSI), in partnership with China Shipbuilding Trading Co. (CSTC), secured a major contract to build 10 MR2 product tankers for Greece-based Central Group. The order, signed on February 3, marks Central Group’s first-ever newbuilding placement in China, signaling growing confidence in Chinese shipyards. The 50,000 dwt vessels, designed in-house by GSI and meeting the latest environmental standards, are scheduled for delivery between 2028 and 2029. While pricing details were not disclosed, market sources estimate the contract at about USD 440 million. This move highlights a broader industry trend as international owners increasingly turn to Chinese yards for standardized tankers, citing cost efficiency and delivery reliability. GSI’s latest deal further cements China’s position as a leading force in global tanker construction.