GSI Secures Landmark 10-Ship MR Tanker Order from Greece’s Central Group

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.