China Merchants Energy Shipping (CMES) has placed an order for six very large ore carriers (VLOCs) with a combined value of RMB 4.93 billion (approximately $727 million). These eco-design vessels, each with a deadweight tonnage of 343,000, are scheduled for delivery between 2029 and 2030. The newbuilds will be constructed by China Merchants Shipbuilding, a related party
to CMES. This marks CMES's first VLOC newbuild order in 11 years and is part of the company's broader 2026 investment strategy focused on fleet renewal and environmental sustainability. Earlier this year, CMES also committed to newbuilds in the very large crude carrier (VLCC), container ship, and tanker segments, aiming to modernize its fleet with greener and younger tonnage. The VLOC order secures future capacity for CMES in the dry bulk sector, particularly in iron ore transportation. By investing in eco-friendly designs, CMES aligns with industry trends toward reducing emissions and improving operational efficiency. This move underscores the company's commitment to maintaining a competitive and sustainable fleet in the evolving maritime market.
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