Shanghai North Sea firms up shuttle tanker option at DSIC

China’s Shanghai North Sea Shipping has exercised an option for a shuttle tanker at Dalian Shipbuilding Industry Co (DSIC).

An executive at the shipyard confirmed the order, but would not comment on pricing terms.

Sources within the Chinese shipbuilding sector told TradeWinds that Shanghai North Sea is likely to be paying a higher price than it did when it signed up for the first shuttle tanker in late 2020.