Nanjing Tanker Corporation (NJTC) announced on 28 Oct 2026 board approval for the construction of four 115,000 DWT LR2 oil tankers and ten 4,000-dwt crude oil barges, representing a combined investment of up to approximately $294 million for the tanker order. According to the announcement, Nanjing Petroleum Transportation (S) Pte. Ltd., a wholly-owned subsidiary of NJTC, will invest no more than 1.96 billion yuan (about $294 million) to commission Dalian Shipbuilding Industry Corporation (DSIC) to build the four energy-efficient LR2 tankers, with per-vessel construction costs capped at 490 million yuan. The ships will be registered under the Hong Kong flag and built to green and smart standards, meeting IMO Tier III emissions requirements and Phase 3 of the IMO Energy Efficiency Design Index, while incorporating design features enabling future conversion to methanol dual-fuel operation. Delivery is scheduled between June and December 2029. According to TrustedDocks orderbook data, the order was first reported on 19 Oct 2026, with each LR2 tanker valued at approximately USD 74 million. Separately, Nanjing Yangtze River Oil Transport Co., Ltd., another wholly-owned NJTC subsidiary, will invest no more than 191.72 million yuan, including tax, to commission Hunan Jinhang Shipbuilding Co., Ltd. to build ten 4,000-metric-ton crude oil barges fitted with cargo oil pumps, with deliveries expected in batches by the end of 2027. NJTC, founded in 1993 and listed on the A-share market in 1997, is a specialized oil tanker shipping company under China Merchants Group headquartered in Nanjing. The company currently owns and controls 73 vessels with a total deadweight tonnage of 2.78 million metric tons and annual shipping capacity exceeding 44 million tons.