Shell is increasing its long-term medium-range (MR) tanker capacity by adding five new 49,900-dwt chemical/product tankers. These vessels are being built by Guangzhou Shipyard International and financed by Minsheng Financial Leasing, expanding the existing programme from six to 11 ships. The newbuildings will be leased to Shell Tankers under previously agreed charter arrangements. This expansion
reflects a broader resurgence in MR tanker newbuilding activity in 2026. According to Clarksons data analyzed by Xinde Marine News, 90 MR chemical/product tanker orders had been placed globally by mid-July, defined strictly within the 40,000-55,000 dwt range. Additional orders from Nanjing Tanker Corporation, the recent Minsheng/Shell-backed vessels, and reported projects such as TORM’s potential eight 50,000-dwt MR tankers suggest the total orders for 2026 have now likely exceeded 100 ships. The trend indicates that owners, leasing companies, and oil majors are proactively securing newbuildings for delivery between 2028 and 2030. This strategy aims to support fleet renewal and meet demand for longer-haul product trades in the coming years.
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