China's Wuhu Shipyard wins bid for one 57,000 DWT oil tanker from Shandong Ocean Shipping, with a transaction price of 337.8 million yuan
2026-05-18 15:28
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en.Wedoany.com Reported - The announcement of the transaction result for the "Shandong Port Shandong Ocean Shipping Group Co., Ltd. Shandong Ocean Shipping Group Energy Transportation Co., Ltd. Design and Construction Project for One 57,000 DWT Oil Tanker Procurement Project" has been released: Wuhu Shipyard Co., Ltd. won the bid, with a transaction price of 337.8 million yuan.

According to available information, Shandong Ocean Shipping Group Energy Transportation Co., Ltd. was established in March 2024 as a wholly-owned subsidiary of Shandong Ocean Shipping Group, with a registered capital of 10 million yuan. It is primarily responsible for the ocean transportation of oil products and energy chemical products, serving the crude oil receiving, unloading, refining, and supply assurance needs of Shandong Port.

Image source/Shandong Ocean Shipping Group official website

The official website shows that Shandong Ocean Shipping Group (formerly Shandong Port Shipping Group Co., Ltd.) was established in March 2020, headquartered in Qingdao, Shandong. It is a professional shipping company affiliated with Shandong Port Group and completed its joint-stock transformation in August 2024. The group operates four main business lines: container shipping and agency, oil product transportation, dry bulk cargo transportation, and passenger-container liner services, operating over 60 vessels of various types with a total capacity of 1.1 million deadweight tons.

In recent days, Wuhu Shipyard has secured multiple new ship orders, such as up to four 211,000 DWT bulk carriers ordered by Germany's Reederei Nord and four 82,000 DWT bulk carriers ordered by Switzerland's Mercuria Energy. Since the beginning of the year, Wuhu Shipyard has publicly announced at least 20 new vessels.

As a century-old shipbuilding enterprise, Wuhu Shipyard traces its origins to the Fujiheng Machinery Factory founded in 1900. Excluding the recently established Nantong base which has commenced shipbuilding operations, Wuhu Shipyard also owns multiple ship-related companies including the Wuhu Shipyard headquarters and the Weihai shipbuilding base.

The Wuhu Shipyard headquarters covers an area of 1,210,700 square meters, with a total shoreline length of 1,355 meters, featuring two 80,000-ton class slipways and one 740-meter outfitting quay; the Weihai base covers an area of 680 mu.

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